Copyright pakobserver
KARACHI – Gold prices continue their rollercoaster ride both in Pakistan and across global markets, with a sharp decline hitting local buyers mid week. On Thursday, gold in Pakistan dropped by Rs1,000 per tola, bringing the price down to Rs418,862 per tola whereas 10 grams of gold fell by Rs857, now costing Rs359,106. Gold Price Today Gold Rates in Pakistan This Week The fall isn’t limited to domestic markets. International gold prices also slipped by $10, settling at $3,965 per ounce, while U.S. gold futures for December delivery dropped 0.9% to $3,964.50 per ounce. Adding to the pressure, the dollar index eased by 0.2% after hitting a two-week high, making gold slightly more affordable for foreign buyers. Market analysts say there’s little driving a rebound. “There’s no real catalyst for the rally other than a minor technical bounce,” said Kyle Rodda, analyst at Capital.com. “This week has largely gone against gold. The looming US-China trade deal removes trade and geopolitical tensions as a support for prices.” Investors and gold buyers are now watching closely, as both domestic and global forces continue to shape the precious metal’s volatile journey.
