Gold prices witnessed a dramatic fall across Pakistan’s bullion markets on Monday, marking one of the largest single-day declines in recent years. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola dropped sharply by Rs43,600. The sudden decline surprised traders and investors as the precious metal had remained near record highs in recent weeks. Market analysts say the steep drop reflects strong movements in global bullion prices.
Following the decline, the price of gold per tola settled at Rs447,762 in local markets, significantly lower than previous trading levels. Similarly, the price of 10 grams of gold also fell sharply by Rs37,380, reaching Rs338,883 across the country. Dealers reported that the decline spread quickly across major bullion markets including Karachi, Lahore and Islamabad. As a result, many buyers temporarily paused purchases while traders closely monitored further price movements.
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Meanwhile, the international bullion market also experienced a sharp drop that contributed to the decline in domestic prices. Global gold rates fell by $436 per ounce, bringing the price down to around $4,250 per ounce during the latest trading session. Analysts said fluctuations in global demand, currency movements and investor sentiment often influence Pakistan’s gold market. Therefore, changes in international prices usually translate quickly into local bullion rates.
Furthermore, market observers noted that the latest decline represents the largest single-day fall in Pakistan’s gold prices. The per-tola rate has now dropped by more than Rs125,000 from its all-time peak recorded earlier. Such a dramatic shift within a short period has created uncertainty among investors and jewellery traders. Many experts believe the market may remain volatile in the coming days depending on global economic developments.
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At the same time, silver prices also recorded a noticeable decline in domestic bullion markets alongside the fall in gold rates. Traders said the drop in precious metal prices could encourage some buyers to return to the market after weeks of record highs. However, analysts warned that price trends will largely depend on international market movements and investor confidence. For now, dealers continue to monitor global indicators to assess the next direction of bullion prices.