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Gold prices in Pakistan have plunged once again, with the rate per tola nearing Rs. 500,000, causing concern among investors and buyers. Market analysts point to global economic uncertainties, currency fluctuations, and rising dollar rates as major factors behind the sudden decline.
The price drop has led to mixed reactions: while some see it as a buying opportunity, others fear continued instability in the precious metals market. Jewelers report increased foot traffic from buyers looking to take advantage of the lower rates, but caution that prices can swing back rapidly.
Experts advise investors to monitor the market closely and avoid panic decisions, as gold remains a long-term safe haven asset despite short-term volatility.
