Gold prices fell sharply both domestically and globally on Monday, making headlines for the unexpected decrease in the Pakistani gold market. The price of 24-karat gold fell by a staggering Rs10,400 a tola, the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reports, bringing the new figure down to Rs340,500. The price of 10 grams dropped by Rs8,917 as well, to Rs291,923.
This volatility isn’t merely random. It comes after gold had a minor but significant decline on Friday, shedding Rs1,800 per tola to end the week at Rs350,900. Gold has dropped more about Rs12,000 per tola in a few days, causing a market-wide reaction.
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