Gold prices have fallen again in global markets, reaching about a 3-week low.
Spot gold dropped around 1.6% to $4,605 per ounce due to strong dollar and higher oil prices. (Reuters)
In Pakistan, gold prices also decreased, with 24K gold around Rs. 486,500 per tola (approx.) after a recent drop. (Hamariweb.com)
๐ Why gold is falling
๐ Strong US dollar is making gold expensive for other currencies
๐ฐ Expectations of higher interest rates are reducing investor demand
๐ Geopolitical tension (like USโIran situation) is still affecting markets, but not pushing gold up right now
๐ข๏ธ Rising oil prices are increasing inflation fears, but also pressuring gold in the short term
๐ Market trend
Gold has been volatile (up and down swings)
Still up overall in 2026, but currently in a downward correction phase
๐ฎ Simple outlook
Short term: ๐ pressure continues
Long term: ๐ still considered a safe investment during global uncertainty