Gold Rate Alert — In Pakistan, the gold market extended its losing streak as domestic prices continued to slide, mirroring a downturn in global bullion values driven by a strong U.S. dollar and waning investor optimism.
At key Sarafa markets, 24-karat gold per tola fell notably on Tuesday, closing at Rs. 360,800—down from earlier highs of around Rs. 362,850 just days prior Gold.pk.
Analysts point to the strengthening dollar and subdued sentiment across international commodities as leading contributors to the decline. These trends make gold more expensive for holders of other currencies, nudging buyers away in key local markets Gold.pkDaily Pakistan English News.
Market Snapshot: Domestic & Global Factors at Play
- Domestic decline: Gold per tola has retraced from recent peaks near Rs. 363,700 to its current level of Rs. 360,800 in a matter of days Gold.pk.
- Global fallout: The dip reflects broader global headwinds. A surging dollar and caution around U.S. economic signals have dampened demand for safe-haven assets like gold The News InternationalDaily Pakistan English News.
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