📉 Global and Local Gold Prices Decline
Gold prices saw a downward trend both globally and in local markets on Thursday, reflecting changes in the international bullion market.
🌍 International Market Update
In the global market, gold prices dropped by $6, bringing the rate to $3,372 per ounce. This decline impacted gold markets worldwide, including Pakistan.
🇵🇰 Local Market Impact in Pakistan
Following the global trend, gold prices in Pakistan also declined:
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📌 Per Tola Gold: Down by Rs. 460 to Rs. 358,595
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📌 10-Gram Gold: Fell by Rs. 394 to Rs. 307,437
This adjustment was observed in major local gold markets, including Karachi, Lahore, and Islamabad.
💱 Why Are Gold Prices Dropping?
The dip in global gold prices is likely linked to:
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Stronger US Dollar Index
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Interest rate speculation by the US Federal Reserve
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Investor shift toward high-yield assets
Such macroeconomic trends often create volatility in the precious metals market.
📊 Investment Insight
Gold is traditionally considered a safe-haven asset, but investors should stay updated with global economic signals and central bank policies that directly affect commodity pricing.
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