Karachi, October 28, 2025 – In a historic market development, gold prices in Pakistan recorded their largest-ever single-day drop, plunging by a staggering Rs14,000 per tola on Tuesday.
The dramatic fall pushed the price of 24-karat gold down to Rs416,362 per tola, according to the All Pakistan Sarafa Gems and Jewelers Association (APSGJA).
The previous day’s closing rate stood at Rs430,362 per tola, marking one of the sharpest corrections in Pakistan’s bullion market history. The 24-karat gold price per 10 grams also tumbled by Rs12,003, closing at Rs356,963 compared to Rs368,966 a day earlier.
The latest crash follows weeks of volatility, as gold prices touched a record high of Rs456,900 per tola on October 17, 2025. However, since then, the market has witnessed a relentless downward trend, mirroring the pressure seen in global markets.
Bullion market analysts attribute this sharp decline to falling international gold prices and strengthening of the US dollar, which collectively weakened the yellow metal’s demand across trading hubs.
In the international market, gold prices nosedived by $140 per ounce, closing at $3,940 compared to $4,080 a day earlier.
Experts suggest that while the plunge may offer temporary relief for jewelry buyers, it also reflects global uncertainty and volatile investor sentiment, making the coming days crucial for traders and investors alike.