According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola plunged by Rs6,700, settling at Rs335,200, down from Rs341,900 just a day earlier.

The decline in gold prices coincides with a stabilizing economic sentiment following Pakistan’s measured handling of recent Indian provocations — a move seen by analysts as contributing to temporary financial calm.

Prices of 10 grams of 24-karat gold dropped by Rs5,745, falling to Rs287,379 from Rs293,124, while 10 grams of 22-karat gold slipped by Rs5,266, landing at Rs263,440 from Rs268,706.

Silver followed suit, with per tola silver rates decreasing by Rs105 to Rs3,377, and 10 grams of silver down by Rs90, settling at Rs2,985.

Meanwhile, global gold prices mirrored this downturn, as the international market saw a sharp decrease of $67, with the yellow metal priced at $3,168 per ounce, down from $3,235. Silver also slipped by $1.05, now priced at $31.95 per ounce.

What’s Behind the Dip?

Market observers believe this sudden plunge reflects a mix of global market correction and a calmer regional outlook after Pakistan’s robust but diplomatic response to India’s recent warmongering. Investors are now cautiously optimistic, banking on Pakistan’s economic resilience and growing global support, especially from allies like Azerbaijan and China.