Gold price drops sharply in Pakistan due to global market fall.
In a major reversal, the bullion price in Pakistan also surged downhill. A tola currently trades at Rs283,100 from Rs2,300 lower, local jewellers said. The price of 10 grams of bullion has also fallen to Rs242,713 from Rs1,971 lower.
This is a local consequence of trends evident in the global market where the prices for gold in the international bullion market dropped $23 per ounce at $2,734.
Experts point out that both domestic factors and influential factors beyond its borders are to blame for these fluctuations as everyone should closely watch how the market moves with such volatile prices.