Gold Prices Experience Significant Drop
At a glance
- Gold prices have seen a significant drop, with reports indicating a further decline in rates.
- This substantial decrease in gold prices has reportedly surprised the market.
- Latest Updates Gold prices in Pakistan experienced a significant decline on Wednesday, July 8, 2026, mirroring losses in the international market.
Story so far: Gold prices have seen a significant drop, with reports indicating a further decline in rates. This substantial decrease in gold prices has reportedly surprised the market.
Latest development: Gold prices in Pakistan experienced a significant decline on Wednesday, July 8, 2026, mirroring losses in the international market. The price of gold per tola dropped by Rs4,700, reaching Rs430,236 in the local market.…
Gold prices have seen a significant drop, with reports indicating a further decline in rates. This substantial decrease in gold prices has reportedly surprised the market.
Pakistan News will update this story as more confirmed details become available.
Latest Updates
Gold prices in Pakistan experienced a significant decline on Wednesday, July 8, 2026, mirroring losses in the international market. The price of gold per tola dropped by Rs4,700, reaching Rs430,236 in the local market.
Similarly, 10-gram gold was sold at Rs368,858 after a fall of Rs4,029. On Tuesday, the gold price per tola had decreased by Rs2,500, settling at Rs434,963.
Internationally, the rate of gold declined by $47, bringing it to $4,078 per ounce. Meanwhile, the price of silver also saw a decrease of Rs138, reaching Rs6,421 per tola.
Sources: Business Recorder
Gold prices in Pakistan continued their decline on July 8, 2026, opening at Rs434,936 per tola. The price for 10-grams of gold stood at Rs372,887, reflecting a decrease from the previous session. Internationally, gold eased to its lowest level in nearly a week, with spot gold falling 0.1% to $4,100.32 per ounce.
This international decline is attributed to fresh US strikes on Iran, which boosted oil prices and the dollar. These developments have raised concerns that inflation could keep interest rates higher for longer, weighing on non-yielding bullion. Markets have increased their bets for a September Federal Reserve rate hike to over 67%.
Sources: Pakistan Observer Business Recorder
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