Gold Prices Retreat from Record Highs: Rates Drop by Rs. 4,900 Per Tola in Pakistan

KARACHI — After a week of relentless surging, gold prices in Pakistan have finally seen a significant correction. The price of 24K gold dropped by Rs. 4,900, settling at Rs. 501,162 per tola. This decline follows a slight cooling of international bullion prices, which fell to $4,788 per ounce. Investors who were panic-buying at the peak are now witnessing a market stabilization, though experts warn that the prices remain sensitive to any “bad news” coming from the Strait of Hormuz or the Islamabad talks.