Gold Prices Crash in Global and Local Markets, Per Tola Drops by Rs 21,400

Gold prices have recorded a historic decline in both global and Pakistani markets, shocking investors and buyers alike. After showing a brief recovery for two days, gold prices once again moved sharply downward. According to market sources, this is being described as the third biggest drop in gold prices in history at both international and local levels.

In Pakistan, the sudden fall has brought noticeable relief for potential buyers but increased concern for traders and investors. The sharp decrease reflects changing trends in the international bullion market, currency fluctuations, and investor behavior.

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Latest Gold Price Drop in Pakistan Today

The local gold market witnessed a massive fall in prices within a single trading session. Rates dropped across all major categories, including per tola and per 10 grams.

Category	Latest Price After Drop
24K Gold (Per Tola)	Rs 507,762
24K Gold (10 Grams)	Rs 435,324
Price Decrease (Per Tola)	Rs 21,400
Price Decrease (10 Grams)	Rs 18,347
Silver (Per Tola)	Rs 7,825
Silver Price Drop	Rs 1,430
Global Gold (Per Ounce)	$4,850
Global Price Decrease	$214

The sudden decline has created mixed reactions in the market, with buyers waiting for further drops while sellers remain cautious.

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Per Tola Gold Price Sees Historic Decline

The price of 24-karat gold per tola dropped by Rs 21,400, bringing it down to Rs 507,762. This is one of the steepest single-day declines ever recorded in Pakistan’s gold market.

Gold traders reported low activity after the sudden fall
Investors avoided panic selling despite the sharp decline
Jewelers expect increased customer interest in coming days
Analysts link the drop to global market pressure
Previous two-day gains were fully erased

This sharp movement highlights how sensitive local prices are to international market trends.

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10 Gram Gold Price Also Falls Sharply

Alongside per tola rates, the price of 10 grams of gold also dropped significantly. After a decrease of Rs 18,347, the new price now stands at Rs 435,324.

Price drop affected both wholesale and retail markets
Jewelry making costs slightly reduced for manufacturers
Buyers delayed purchases expecting further price cuts
Gold savings holders faced short-term losses
Market volatility remains high

Experts suggest that price stability may take time as global uncertainty continues.

Silver Prices Also Drop in Local Market

Silver prices followed gold’s downward trend, showing a clear decline in the domestic bullion market. The price of silver per tola dropped by Rs 1,430, settling at Rs 7,825.

Silver demand weakened due to market uncertainty
Industrial buyers adopted a wait-and-see approach
Retail investors showed limited activity
Gold-silver price ratio shifted slightly
Traders expect mild recovery if gold stabilizes

Silver prices often move alongside gold, reflecting similar market pressures.

Global Gold Prices Fall Below $5,000 Per Ounce

In the international market, gold prices declined sharply. The price of gold per ounce dropped by $214, reaching $4,850, once again falling below the $5,000 level.

Strong US dollar impacted gold demand
Investors shifted towards other safe assets
Global interest rate expectations influenced prices
Commodity markets showed increased volatility
Analysts warn of short-term fluctuations

This global decline directly influenced local prices in Pakistan.

Reasons Behind the Sudden Gold Price Crash

Market experts point to several reasons behind this sudden and historic drop in gold prices at both global and local levels.

Profit-taking after recent price highs
Strengthening of major global currencies
Reduced demand from international investors
Changes in global economic outlook
Market correction after rapid price increases

These factors combined caused heavy pressure on gold prices worldwide.

Conclusion

The latest drop in gold prices marks a historic moment for both global and Pakistani bullion markets. With per tola gold down by Rs 21,400 and international prices falling below $5,000 per ounce, the market has entered a highly volatile phase. While buyers may see this as an opportunity, traders and investors remain cautious. The coming days will be critical in determining whether prices stabilize or continue to fluctuate.

FAQ Section

1. Why did gold prices drop suddenly in Pakistan?
Gold prices fell mainly due to a sharp decline in international markets, currency movements, and profit-taking by investors.

2. Is this the biggest gold price drop in history?
No, but it is being described as the third biggest drop in gold prices at both global and local levels.

3. Will gold prices fall further in Pakistan?
Market experts believe prices may remain volatile, and further changes will depend on global economic conditions.

4. Is this a good time to buy gold?
For long-term buyers, the price drop may offer an opportunity, but short-term fluctuations should be expected.