On Tuesday, the cost of a tola of 24-karat gold in Pakistan stood at Rs206,000.
For individuals interested in 22-karat gold, the price for one tola of this variety was Rs188,833.
The gold market in Pakistan witnessed a massive and unexpected drop in prices today, leaving consumers and investors baffled.
As of Saturday, the price of one tola of 24-karat gold in Pakistan plummeted, a substantial decline that has caught many off guard.
These price fluctuations have been primarily attributed to the influence of the international gold market, which is known for its volatility.
It is worth noting that these prices are specific to local gold markets and Sarafa Markets across various cities in Pakistan.
However, the absence of official gold rates has left consumers visiting jewelry shops in a state of confusion.
The All Pakistan Gems and Jewelers Association, which typically releases daily gold prices, has refrained from doing so since last Wednesday.
As a result, individuals closely tracking the gold market are urged to remain vigilant as rates continue to fluctuate based on global developments in the world of gold.