Gold Price Drops Rs25,500 per Tola Amid Global Bullion Sell-Off

Gold and silver prices continued to slide in both international and domestic markets on Saturday, extending the sharp correction seen earlier this week amid weakening bullion sentiment.

In the global market, gold prices dropped by $255 per ounce to settle at $4,895, reflecting sustained selling pressure.

The downward trend was also evident locally, where the price of gold per tola fell by Rs25,500 to Rs511,862. Similarly, the price of 10 grams of gold declined by Rs21,862 to Rs438,839.

Silver prices followed suit, with the per tola rate slipping by Rs2,063 to Rs9,006, while 10 grams of silver dropped by Rs1,768 to Rs7,721.

The latest decline comes a day after Pakistan witnessed a major sell-off in the bullion market, as gold prices plunged by more than Rs35,000 per tola on Friday. The fall mirrored a sharp correction in international markets, where gold, silver, and copper retreated after hitting record highs earlier in the week.

Market analysts attributed the slump to panic-driven profit-taking, as investors rushed to secure gains amid diminishing expectations of aggressive US interest rate cuts and a strengthening US dollar.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs35,500 on Friday to Rs537,362, while the price of 10 grams declined by Rs30,435 to Rs460,701.

The sharp reversal followed Thursday’s surge, when gold reached a record Rs572,862 per tola after a single-day jump of Rs21,200.

Silver also remained under pressure, falling by Rs1,106 to Rs11,069 per tola, underscoring the broader sell-off across precious metals.