Gold plunges again in Pakistan as rates post another sharp drop

Gold prices in Pakistan posted another major decline, extending the downward trend for a second straight update and drawing heavy public interest.

SAMAA TV reported that the rate of 24-karat gold per tola fell by Rs8,100, taking the new price to Rs491,362 based on local bullion market figures. The latest move follows recent volatility in international markets and has quickly become one of the day's most discussed money stories.

The sharp decline is significant for both investors and retail buyers, especially ahead of Eid, when demand for jewellery and precious metals often rises. Market watchers are now focusing on whether the drop signals a temporary correction or the start of a broader cooling phase.