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Gold price plummets by Rs 15,100 per tola in single session

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At a glance

  • Price of 24k gold fell by Rs 15,100 to Rs 467,936 per tola on August 29.
  • The drop followed a sharp sell-off in the international market.
  • Despite the fall, gold recorded a substantial gain overall in August 2026.

Story so far

The price of gold has seen significant volatility in Pakistan throughout 2026. The month of August began with 24-karat gold trading around Rs 428,000–430,000 per tola. Prices climbed rapidly, nearly reaching Rs 484,000 in the final week of the month before a sharp correction on August 29 saw the price fall by Rs 15,100 in a single session.

Latest development

The All Pakistan Sarafa Gems and Jewellers Association confirmed on Saturday, August 29, that the price of 24-karat gold had plummeted by Rs 15,100 per tola to Rs 467,936, reflecting a sharp sell-off in the world market.

Latest updates

The All Pakistan Sarafa Gems and Jewellers Association confirmed the sharp decline in gold prices on Saturday, August 29. The association reported the per tola price of 24-karat gold fell by Rs 15,100 to Rs 467,936, and the 10-gram price dropped by Rs 12,946 to Rs 410,179.

In the international market, gold fell by $151 to $4,454 per ounce. Silver prices also saw a significant drop, with the international price per ounce falling by $4 to $66.33. Domestically, silver prices decreased by Rs 397 per tola to Rs 7,112 and by Rs 340 per 10 grams to Rs 6,097.

Sources and updates

Business Recorder

Gold prices nosedive

KARACHI: Gold prices plunged on Saturday, posting one of their biggest single-session declines, as a sharp sell-off swept the world market, traders said. All Pakistan Sarafa Gems and Jewellers Association said that the gold market went through a huge

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