Gold prices in Pakistan fell sharply on Tuesday, dropping by Rs10,400 per tola as local markets mirrored a significant downturn in international precious metals.
The steep decline reflects a broader pullback in the sector, with traders adjusting valuations in response to weakening global momentum.
Silver followed suit, with prices decreasing by Rs487 to reach Rs6,664 per tola.
The synchronized drop across both metals underscores a widespread loss of investor appetite for safe-haven assets, likely driven by shifting risk sentiment in global equity and bond markets.
This move in Pakistan is part of a wider regional retreat.
Gold prices in Iraq’s key markets of Baghdad and Erbil also retreated on Tuesday, tracking the same global sell-off.