Gold prices witnessed a sharp decline in both the Pakistani and international markets today, following a downward trend in global bullion rates.
In the local market, the price of 24-karat gold per tola fell by PKR [X], settling at PKR [Y]. Meanwhile, 10 grams of 24-karat gold saw a reduction of PKR [Z], bringing the new price to PKR [A].
The global gold market also experienced a dip, with prices decreasing by $[X] per ounce, trading at $[Y]. Analysts attribute the decline to a stronger US dollar, shifting investor sentiment, and expectations of future interest rate adjustments by the US Federal Reserve.
Gold prices have been volatile in recent weeks, influenced by economic uncertainties, geopolitical factors, and fluctuating demand. Experts advise investors to closely monitor trends before making buying or selling decisions.
