After weeks of strong gains, gold prices have witnessed a sharp correction in international markets, with the impact clearly visible in Pakistan’s bullion market.
Big Drop in Pakistan
The price of 24-karat gold per tola has fallen significantly, reflecting global market movements. Within days, the market saw heavy fluctuations — sharp declines followed by partial recovery — showing how volatile the precious metal has become.
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What Caused the Fall?
Analysts say the decline is mainly due to profit-taking by investors after gold touched record levels. A stronger US dollar and temporary demand slowdown also contributed.
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Economic analyst Raja Kamran says global demand for gold remains strong in the long run, as central banks are gradually reducing reliance on the US dollar and increasing gold reserves. He believes geopolitical tensions and global uncertainty continue to support gold as a safe investment.
Market representative Abdullah Chand from Karachi bullion market said the recent fall appears to be a “market correction” after continuous increases in December and January, not a long-term downturn.
Silver Also Under Pressure
Silver prices have also dropped sharply in international markets, leading to cautious behavior among investors.
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