Gold Prices See Biggest Drop Ever in Pakistan, Fall to Rs352,000 per Tola

In an unprecedented market shift, gold prices in Pakistan have plummeted to historic lows, recording the steepest single-day drop ever, while silver prices have shown a notable increase. The developments are linked to escalating tensions in the ongoing US-China tariff war, which has sent shockwaves through global commodity markets.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola fell by a staggering Rs11,700, bringing the new price down to Rs352,000. The price of 10 grams of gold also saw a significant decrease of Rs10,031, now standing at Rs301,783.

The global gold market mirrored this downturn, with gold prices per ounce tumbling by $116, settling at $3,338. Market analysts suggest that investor sentiment has been rattled by the renewed economic uncertainty stemming from the US-China trade tensions.

In contrast, silver prices moved upward in both domestic and international markets. The price of 24-karat silver per tola in Pakistan increased by Rs16, reaching Rs3,457, while the rate for 10 grams rose by Rs13, now priced at Rs2,963. Globally, silver prices climbed by $0.16, trading at $32.93 per ounce.