Global markets are witnessing an exceptional downturn in gold and silver prices, as precious metals retreat sharply from recent record highs. The sell-off has intensified over the past two sessions, pushing prices to levels not seen since the latest rally began.
🌍 What’s Happening in the Global Market?
According to international market data:
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Gold prices have fallen by nearly 12%, bringing the rate down to around $4,850 per ounce
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Silver has dropped by about 30%, with prices now hovering near $83 per ounce
Analysts attribute the sharp decline primarily to aggressive profit-taking, as investors rushed to lock in gains after gold recently traded above $5,500 per ounce.
Just a day earlier, gold had already lost $355 per ounce, falling to $5,150, before shedding another $300 in the latest session.
📉 Why Prices Fell So Quickly
Market experts say several factors contributed to the sudden downturn:
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Investors cashing out after historic highs
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Reduced risk appetite in global markets
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Cooling speculative demand in precious metals
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Short-term technical corrections after an overheated rally
Despite the fall, analysts stress that such corrections are common after rapid price surges.
🇵🇰 Pakistan Also Feels the Impact
The global sell-off has had a direct and immediate impact on Pakistan’s bullion market.
Local rates show:
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Gold price per tola dropped by Rs. 35,500 in a single day
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New rate stands at Rs. 537,362 per tola
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10 grams of gold fell by Rs. 30,435, settling at Rs. 460,701
Silver prices in Pakistan also declined sharply:
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Silver per tola fell by Rs. 1,106
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New price is Rs. 11,069 per tola
🔮 What Comes Next for Gold and Silver?
Analysts believe the market is entering a consolidation phase, where prices may stabilize after extreme volatility. Future movement will depend on:
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Global economic indicators
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Interest rate expectations
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Investor sentiment toward safe-haven assets
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Geopolitical developments
While short-term uncertainty remains, precious metals continue to attract long-term attention.
