Similarly, the price of 10 grams of gold decreased by Rs 9,174, now priced at Rs 393,914. Experts describe this drop as one of the most substantial single-day declines in recent times.
The decline is not limited to Pakistan. In the global market, gold prices fell by $107 per ounce, reaching $4,371 per ounce.
Analysts say that fluctuations in international markets directly influence local prices, explaining the downward trend in domestic gold rates.
Traders suggest that this sudden fall in prices could spark renewed interest among buyers, though many are cautiously observing whether this dip will hold steady or experience further fluctuations in the coming days.
This price drop comes at a time when inflation and economic pressures had made gold increasingly unaffordable for the average consumer. With the current decrease, gold has become relatively more attainable, offering a glimmer of opportunity for potential investors and collectors alike.
