Gold prices in Pakistan have fallen recently but remain above the Rs. 184,000 per tola mark. This is largely due to a combination of global and domestic factors. On the global front, gold prices have been affected by a stronger U.S. dollar, which makes the metal more expensive for buyers using other currencies. Additionally, rising bond yields and an improving economic outlook have led to reduced demand for gold as a safe-haven investment.
Domestically, gold prices in Pakistan have also been influenced by changes in import duty and taxes. The government recently increased the import duty on gold, which has led to a rise in the domestic price of the metal. Additionally, gold prices have been affected by the recent depreciation of the Pakistani rupee against the U.S. dollar.
Despite the recent fall in prices, gold remains a popular investment option in Pakistan. It is considered a safe-haven asset and is often used as a hedge against inflation. Additionally, gold is seen as a store of value and is often passed down through generations as a family heirloom.
The fall in gold prices has also led to increased demand for the metal, as buyers are taking advantage of the lower prices to purchase gold. In particular, there has been strong demand for gold jewelry, as it is considered a traditional and auspicious gift for weddings and other special occasions.
Overall, while gold prices in Pakistan have fallen recently, they remain above the Rs. 184,000 per tola mark. The fall in prices has been driven by a combination of global and domestic factors, including a stronger U.S. dollar, rising bond yields, and changes in import duty and taxes. However, gold remains a popular investment option in Pakistan, and the recent fall in prices has led to increased demand for the metal.
