These gold prices change have mostly been attributed to the effect of the notoriously volatile international gold market.
A tola of 24-karat gold was worth Rs26,000 on Tuesday in Pakistan.
Unexpected decline in Pakistani gold prices
One tola of 22-karat gold cost Rs188,833 for those who were interested in purchasing it.
Consumers and investors are perplexed after today’s sharp and unexpected price decline on the Pakistani gold market.
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A significant drop in price that caught many by surprise occurred as of Saturday for one tola of 24-karat gold in Pakistan.
The worldwide gold market, which is notorious for its volatility, has been primarily blamed for these price swings.
It is important to note that these prices are unique to local gold markets and Sarafa Markets in different Pakistani cities.
However, customers visiting jewelry stores are perplexed due to the lack of official gold rates.
Since last Wednesday, the All Pakistan Gems and Jewelers Association has not published the daily gold prices that it usually does.
As a result, those who carefully follow the gold market are recommended to exercise caution as prices continue to change in response to changes in the global gold market.
