KARACHI: Gold price in Pakistan dropped again on Thursday, with the price of one tola declining by Rs3,000 in local bullion markets.
The All Pakistan Sarafa Gems and Jewellers Association said the price of one tola of gold fell to Rs438,636.
The price of 10 grams of gold also dropped by Rs2,572 to Rs376,059.
Gold had risen by Rs4,300 per tola in Pakistan’s markets on Wednesday.
The latest decline came amid continued volatility in domestic and international gold markets.
Gold prices are influenced by global market movements, currency trends, investor demand and supply conditions.
Changes in international prices are often reflected quickly in Pakistan’s local bullion markets.
The latest decline offers some relief to buyers after the sharp increase recorded a day earlier.
However, market analysts say gold prices remain volatile and can change quickly in response to global economic and geopolitical developments.
