Pakistan gold price drops by Rs2,400 as global bullion market declines

KARACHI – The gold prices in Pakistan on Tuesday witnessed a major decline, falling by Rs2,400 per tola in the local markets amid a drop in international bullion rates. The market data showed that the price of gold per tola in Pakistan decreased from previous levels to Rs475,362, reflecting a decline of Rs2,400 in a single trading session. Similarly, the price of 10 grams of gold dropped by Rs2,057 to Rs407,546. The decline came after a downturn in the global bullion market, where gold fell by $24 per ounce to $4,530. Silver prices also followed the downward trend. In Pakistan, the price of silver per tola declined by Rs153 to Rs8,117, while 10 grams silver fell by Rs131 to Rs6,959. In the international market, silver dropped by $1.53 per ounce to $76.33. The market analysts attributed the fall to fluctuations in global precious metal prices, which continued to directly influence domestic rates in Pakistan. FPCCI unveils Pak’s first shadow budget for 2026-27