On Tuesday, the cost of a tola of 24-carat gold in Pakistan was Rs 206,000.
For people interested in 22 carat gold, the price of one tola of this variety was Rs 188,833.
The gold market in Pakistan today witnessed a massive and unexpected drop in prices, leaving consumers and investors baffled.
As of Saturday, the price of a tola of 24-karat gold in Pakistan plummeted, a substantial drop that took many by surprise.
These price fluctuations have been mainly attributed to the influence of the international gold market, known for its volatility.
It is worth noting that these prices are specific to local gold markets and Sarafa markets in various cities of Pakistan.
However, the absence of official gold prices has left consumers visiting jewelry stores in a state of confusion.
The Pakistan Gem and Jewelers Association, which normally publishes daily gold prices, has refrained from doing so since last Wednesday.
As a result, people who follow the gold market closely are urged to remain alert as rates continue to fluctuate based on global developments in the world of gold.