Karachi: Gold prices in Pakistan dropped sharply by Rs43,600 per tola on Monday, reflecting a significant decline in international markets and marking one of the largest single-day falls in the country’s bullion market.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola fell to Rs447,762, while the rate for 10 grams declined by Rs37,380 to Rs338,883. The drop follows a notable decrease in global gold prices, which fell by $436 per ounce to $4,250.

The sharp correction comes after gold had recently reached record-high levels, with the per tola price now down by more than Rs125,000 from its peak.

Global trend drives local prices

Market data indicates that the decline in Pakistan’s gold prices is closely linked to movements in the international bullion market. Fluctuations in global demand, currency trends, and investor sentiment continue to influence domestic rates.

Also Read: Gold prices drop by Rs8,100 per tola in Pakistan on March 20

Silver prices also recorded a noticeable decrease across local markets, in line with the broader downward trend in precious metals.

Traders say the steep fall may impact buying patterns in the short term, particularly as consumers and investors adjust to the sudden price correction.