Massive International Selloff Sends Gold Rates Sharply Lower
Gold prices recorded a dramatic decline in Pakistan on Friday after international bullion markets experienced a major crash. The sharp fall triggered one of the biggest single-day declines in local gold prices in recent weeks.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of gold per tola dropped by Rs. 15,500. Following the decline, the new rate settled at Rs. 476,862 per tola in the local market.
The price of 10 grams of gold also witnessed a major decrease. It fell by Rs. 13,289 to settle at Rs. 408,832.
The latest decline came just one day after gold prices had increased by Rs. 1,000 per tola in Pakistan. Traders said the sudden reversal reflects volatility in global commodity markets and rapid investor reactions to international economic developments.
Bullion dealers across major cities reported increased market uncertainty after the sharp fall in prices. Many investors and buyers paused transactions while monitoring further movements in global markets.
Analysts believe the decline highlights how closely Pakistan’s gold market remains linked to international price trends and currency fluctuations.
International Gold Market Sees Heavy Decline
The sharp drop in local prices followed a major crash in international gold rates. In the global market, gold prices reportedly declined by $155 per ounce in a single trading session.
International bullion prices settled at $4,690 per ounce after the decline. Market observers described the drop as one of the strongest downward corrections in recent trading activity.
Experts say several global factors may have contributed to the sudden decline. These include changes in investor sentiment, profit-taking by traders, fluctuations in the US dollar, and uncertainty surrounding interest rate expectations in major economies.
Gold is often viewed as a safe-haven investment during economic instability. However, strong market corrections can occur when investors shift funds toward other financial assets or react to changing economic signals.
International commodity markets have remained highly volatile in recent months due to geopolitical tensions, inflation concerns, and uncertainty over central bank policies worldwide.
Traders in Pakistan said the global decline immediately affected domestic bullion prices because local rates are directly connected to international market performance and currency exchange values.
Silver Prices Also Fall as Precious Metals Market Weakens
The decline was not limited to gold alone. Silver prices in Pakistan also recorded a significant drop during Friday’s trading session.
According to market data, silver prices decreased by Rs. 972 and settled at Rs. 8,232.
Jewelry traders and precious metal investors are now closely watching global economic developments to assess whether prices will stabilize or continue moving downward in the coming days.
Market experts say fluctuations in precious metal prices are expected to continue as investors react to inflation data, central bank decisions, and geopolitical developments affecting global financial markets.
Despite the decline, gold remains one of the most preferred investment assets in Pakistan, especially during periods of economic uncertainty and currency depreciation.
Analysts say short-term volatility may continue, but long-term demand for gold is likely to remain strong due to its traditional role as a store of value and hedge against inflation.
