Gold Price Drops Again: Two-Day Decline Hits Local & Global Markets Hard. The gold market has recorded another sharp decline, marking the second consecutive day of falling prices across local and international markets. With global uncertainty, weakening demand, and shifting investor behavior, gold prices in Pakistan have dropped significantly, prompting analysts to call it one of the most notable short-term corrections of the season.
Gold Price Drops
Gold prices in Pakistan continued their downward slide for the second straight day, as the local bullion market witnessed another major correction. According to data from Sarafa Bazaar Association, traders reported lower buying activity and weaker market sentiment — two major factors behind the latest price adjustments.
Market experts note that this two-day decline comes shortly after a sustained rise in gold rates, signalling a cooling phase driven by international market pressure and domestic uncertainty. Investors are currently adopting a “wait-and-see” approach, expecting clearer global cues before entering the market again.
Major Drop in Gold Price Per Tola
The most significant development of the day is the massive drop in the per tola rate.
Latest Update
- Gold price per tola decreased by Rs 9,100
- New price: Rs 4,30,662
This correction follows yesterday’s drop of Rs 3,300, making the two-day cumulative decline extremely notable.
Why the Drop?
Analysts attribute the decline to:
- Falling international gold prices
- Reduced local buying interest
- Investor uncertainty
- Improved global economic indicators
The per tola rate reacts instantly to global trends, and the recent changes show how sensitive the local market remains to global fluctuations.
Gold Price Per 10 Grams Sees Notable Reduction
The price of 10 grams of gold also dropped sharply, aligning with the overall bearish trend.
- Reduction: Rs 7,799
- New price: Rs 3,69,223
Even though gold is still a preferred safe-haven asset, short-term price drops often create fresh opportunities for investors waiting on the sidelines. However, many traders continue to remain cautious, anticipating further volatility ahead.
Global Market Impact on Local Gold Price
The international market has also seen a significant downturn, directly affecting local rates.
- Gold per ounce dropped by $91
- New global price: $4,083
International price movements remain the strongest driver of local adjustments, especially for countries like Pakistan that import gold. The global decline signals weakened demand and shifting economic outlooks as investors rebalance their portfolios.
Economists say this drop is part of a broader trend, influenced by:
- Stronger dollar movement
- Improved global bond yields
- Policy shifts in major economies
- Declining inflation fears
Given these conditions, local markets will likely continue to follow global cues in the coming days.
Updated Gold and Silver Prices (Complete Table)
| Category | Previous Price | New Price | Change |
|---|---|---|---|
| Gold per tola | Rs 4,39,762 | Rs 4,30,662 | -Rs 9,100 |
| Gold per 10 grams | Rs 3,77,022 | Rs 3,69,223 | -Rs 7,799 |
| Silver per tola | Rs 5,522 | Rs 5,313 | -Rs 209 |
| Gold per ounce (global) | $4,174 | $4,083 | -$91 |
Silver Price Declines Alongside Gold
Just like gold, the silver market also felt downward pressure.
- Silver per tola decreased by Rs 209
- New price: Rs 5,313
Though the decline in silver is smaller percentage-wise compared to gold, it still reflects an overall cooling in precious metal demand. Lower silver prices often attract small investors looking for more affordable alternatives to gold.
Silver traders expect a temporary rise in demand if the downward trend continues.
Market Volatility Continues
The two-day decline in both gold and silver shows the market is entering a high-volatility phase, driven by:
- Global economic shifts
- Currency fluctuations
- Weak investor sentiment
- Lower retail demand
- Corrections after sharp price increases
While the short-term outlook appears bearish, long-term trends still depend heavily on global economic conditions, inflation patterns, and geopolitical stability.
Many analysts believe the current dip may offer buying opportunities, but traders warn that further fluctuations are likely.
Final Thoughts
The back-to-back drop in gold and silver prices marks an important moment for the precious metals market. With global prices falling and domestic demand weakening, the market is expected to remain uncertain but active.
