In Pakistan’s local bullion market, the price of gold per tola fell by Rs21,500, pushing it below the important Rs500,000 mark. According to bullion traders, the new price of gold now stands at Rs490,362 per tola, reflecting weaker demand and shifting market sentiment.

Similarly, the price of 10 grams of gold dropped by Rs18,433, settling at Rs420,406, further confirming the ongoing cooling trend in the precious metals market.

The decline was not limited to domestic markets. In the global bullion market, gold prices fell sharply by $215 per ounce, bringing the rate down to $4,676 per ounce. Market analysts say this drop signals a broader shift in investor confidence.

Silver prices also followed the same downward path. In the international market, silver lost $6.01 per ounce, falling to $79.30. As a result, prices in local markets adjusted quickly. The price of silver per tola declined by Rs1,601 to Rs8,405, while 10 grams of silver fell by Rs516, reaching Rs7,205.

Economic experts link this trend to tight monetary policies adopted by central banks in the United States and Europe. In their effort to control inflation, policymakers have raised interest rates, making bonds and other fixed income investments more attractive. This shift has reduced the appeal of gold, which traditionally thrives during economic uncertainty.

Adding to the pressure, volatile global stock markets and changing investment preferences are also influencing gold prices. Investors appear more cautious, choosing assets that offer clearer short-term returns.

Analysts note that changes in global gold prices often spill over into local markets. However, the final impact depends on factors such as currency exchange rates, taxation policies, and overall economic stability.

For now, the precious metals market remains under pressure, and traders are closely watching global financial signals to gauge what comes next.