Karachi, March 19, 2026 – Gold prices in Pakistan recorded a historic fall on Thursday, dropping by Rs24,300 per tola, the largest single-day decline ever witnessed in the country’s bullion market. The sharp fall follows a global downturn in gold prices amid easing geopolitical tensions and market corrections.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola closed at Rs499,462, compared to the previous day’s Rs523,762. This significant decrease has surprised investors and traders who had seen gold prices hovering near record highs just weeks earlier.
Gold had reached an all-time high of Rs572,862 per tola on January 29, 2026, driven by global uncertainty and safe-haven demand. However, ongoing Iran war February 2026 and international trade tensions have made prices highly volatile in recent weeks.
In the local market, the price of 24-karat gold per 10 grams also declined sharply by Rs20,833, settling at Rs428,208, down from Rs448,047 a day earlier.
Internationally, gold prices fell by $243 per ounce, closing at $4,767, compared to $5,010 in the previous session. The decline in global bullion rates directly impacted domestic prices in Pakistan.
Market experts believe the drop is largely due to profit-taking by investors and fluctuations in global economic conditions. Analysts expect continued volatility in gold prices in the coming days as geopolitical and financial uncertainties persist.