Gold Prices Dip After Four-Day Rally: Per Tola Gold Rate Falls by Rs2,500

After four consecutive sessions of gains, gold prices have finally retreated both in the international and domestic markets. On Thursday, the yellow metal saw a clear correction as investors booked profits following a remarkable rally.

In the international bullion market, gold slipped by $25 per ounce, settling at $3,865. This drop comes right after the metal touched an all-time high earlier in the week.

The local Pakistani bullion market followed the global trend. The per tola gold rate fell by Rs2,500, bringing the price down to Rs407,778, while the price of 10 grams dropped by Rs2,144, reaching Rs349,603.

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International Gold Market Sees Correction

Global investors have been closely watching gold movements in recent weeks. Spot gold, which had reached a record high of $3,895.09 per ounce on Wednesday, dropped slightly but later recovered 0.5% to $3,883.69 per ounce in late trade.

Meanwhile, US gold futures for December delivery climbed 0.3% to $3,908.90, reflecting continued demand despite the correction.

Experts say the retreat was expected after a sharp rally driven by economic uncertainty, inflation concerns, and rising safe-haven demand.

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Gold Prices in Pakistan Drop After Rally

The Pakistani bullion market is highly sensitive to global fluctuations. Following the international slip, domestic markets saw a noticeable decline:

• Per tola gold fell by Rs2,500 to Rs407,778
• 10 grams gold dropped by Rs2,144 to Rs349,603
• Per tola silver decreased by Rs13 to Rs4,839
• 10 grams silver declined by Rs11 to Rs4,148

This correction has given some breathing space to local buyers, who were struggling with record-high rates earlier in the week.

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Why Gold Prices are Volatile

Gold is known as a safe-haven asset. During times of global economic stress, investors rush to gold as a secure investment. This sudden demand often pushes prices higher.

Several factors influence gold prices:

1. Global Economic Uncertainty – Recession fears and inflation make investors prefer gold over stocks.
2. Currency Fluctuations – A weaker dollar usually supports higher gold prices.
3. Central Bank Policies – Decisions on interest rates affect bullion demand.
4. Geopolitical Tensions – Wars or political instability increase gold buying as a hedge.

The recent four-day rally in gold was mainly fueled by concerns about global inflation and currency instability.

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What This Means for Investors

For Pakistani investors, the dip may present an opportunity to enter the market. However, analysts caution that prices remain historically high, and any further correction could bring gold to more affordable levels.

Globally, experts believe gold will remain in demand as long as inflation and economic risks persist. The safe-haven appeal of the yellow metal continues to be strong, making it a long-term investment choice despite short-term volatility.

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Future Outlook of Gold Prices

Market analysts predict that gold prices will remain volatile in the coming weeks. Some expect another upward push if global markets face further economic shocks, while others see the possibility of stabilization after the recent peak.

In Pakistan, local bullion rates will stay directly linked to international trends as well as the rupee’s exchange rate against the US dollar.