Gold prices declined in Pakistan on Monday, following a sharp fall in international gold rates at the start of the trading week. The decrease comes as global markets reacted to changing investor sentiment and ongoing geopolitical tensions in the Middle East.
The fall in international gold prices was also influenced by growing uncertainty among traders in Gulf countries. According to market reports, jewellers have become increasingly cautious due to the ongoing regional conflict, leading to panic selling and reduced demand in some markets.
The decline in global prices was reflected in Pakistan’s local gold market, where the price of gold also moved lower. The latest drop has provided some relief for buyers after gold prices had remained at historically high levels in recent weeks.
Market experts say gold prices are likely to remain volatile in the coming days as investors closely monitor developments in the Middle East, particularly the conflict involving Iran and the United States, which continues to influence global financial and commodity markets.
