KARACHI, March 26: Gold prices in Pakistan fell sharply on Thursday, reversing gains from the previous session when rates had surged significantly, as international markets moved lower.

According to the All Pakistan Gems and Jewellers Association, the price of gold per tola dropped by Rs11,000 to Rs468,262. The decline comes a day after gold prices had jumped by Rs15,200 per tola on March 25, highlighting continued volatility in the local bullion market.

Gold prices jump Rs15,200 per tola in Pakistan on March 25

The price of 10 grams of gold also decreased by Rs9,430, settling at Rs401,059 in the domestic market.

Global trend drives reversal

In the international market, gold prices declined by $110 per ounce to $4,455, which directly influenced local rates.

Analysts say Pakistan’s gold market closely follows global price movements, with sharp rises and falls often reflecting shifts in international demand and investor sentiment.

The latest drop partially offsets the previous day’s surge, underscoring the rapid fluctuations in gold prices that continue to impact buyers and traders across the country.