KARACHI – Gold rates in Pakistan saw slight drop after touching record high amid drastic changes in market dynamics.
Data shared by Sarafa Association shows that gold price moved down by Rs500 to Rs 240,000. Meanwhile, rates of 10 grams of gold dropped by Rs 429 to Rs 205,761.
This adjustment reflects the changing trends in the precious metal market, which has drawn reactions from investors and consumers.
Gold Rates in Pakistan on May 7
| Gold Rates | Price |
|---|---|
| Gold per tola | Rs 2,40,000 |
| 10 grams of gold | Rs 2,05,761 |
In the global market, bullion prices moved down by $5 to reach $2297 per ounce, mirroring the local trend and suggesting broader economic influences.
While the decrease may indicate a temporary shift in investor sentiment, it also presents opportunities for those interested in investing or purchasing gold.
