Gold prices fall sharply after a steady rise

Gold prices have recorded a significant decline after the country became increasingly expensive. According to the All Pakistan Gems and Jewellers Association, gold per tola has become cheaper by Rs 4,578 to Rs 4,20,600, while 10 grams of gold is being sold for Rs 360,597 after falling by Rs 3,924. On the other hand, according to a report, gold has so far become 53% expensive in 2025, compared to a 27% increase in its price in 2024. Experts say that gold is considered a safe asset in the current global situation, and it is likely that the price of gold in the global market may soon cross the $5,000 per ounce threshold. Also read: Gold out of reach of public, price per tola set new record
The main reasons for this surge in gold prices include the weakness of the US dollar, purchases by central banks globally, political uncertainty, and partial government shutdowns in the United States. The U.S. government shutdown has now entered its eighth day, delaying the release of key economic data.