Gold Prices Plummet in Pakistan After Major International Market Drop
KARACHI – The price of 24-karat gold in Pakistan plunged by Rs14,900 per tola on Friday, settling at Rs438,036 in one of the steepest single-day declines in recent weeks. The drop brought the total decrease over two days to Rs17,200 per tola.
The sharp decline in the local market was triggered by a significant fall in international bullion rates, where the price per ounce of gold fell by $149 to $4,156. The price of 10 grams of 24-karat gold in Pakistan also decreased substantially, shedding Rs13,410 to settle at Rs374,205.
Silver prices also registered a notable decline. The price per tola fell by Rs413 to Rs6,946, while the rate for 10 grams of silver dropped by Rs373 to Rs5,895.
Bullion dealers noted that local gold prices generally follow international market trends, though exchange rate fluctuations and domestic demand also play a role. Market observers attributed the downturn to changing investor sentiment and developments in global financial markets, which often cause volatility in safe-haven assets like gold and silver.
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Updated: 12:06 AM PKT — June 21, 2026
After a massive plunge a day earlier, the price of gold in local markets stabilized on Saturday with only a marginal decline. According to the All Pakistan Sarafa and Jewellers Association, the per-tola price of 24-karat gold fell by Rs 43 to close at Rs 437,993.
The international market also saw a slight dip, with the per-ounce price falling by 43 cents to $4,144.57. In contrast to gold, silver prices continued to edge up, with the per-tola rate increasing by Rs 16 to Rs 6,972.
Updated: 9:53 PM PKT — June 19, 2026
The All Pakistan Gems and Jewellers Association has officially confirmed a significant drop in gold prices. According to the association’s statement, the per tola price of 24-karat gold fell by Rs14,900 to settle at Rs438,034. The price for 10 grams of gold decreased by Rs13,410 to Rs374,205. This local decline was attributed to a $149 drop in the international market, which brought the per ounce price to $4,156.
Updated: 6:47 PM PKT — June 19, 2026
The All Pakistan Gems and Jewellers Association announced a significant decrease in gold prices, providing welcome news for consumers. The per-tola price of gold fell by Rs 14,900 to settle at Rs 438,034. Similarly, the price for 10 grams of gold dropped by Rs 13,410 to Rs 374,205. The association noted that this local price adjustment corresponds with a $149 decrease in the international market, bringing the per-ounce price to $4,156.
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