According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola dropped by Rs2,400, closing at Rs388,600 compared to Tuesday’s peak of Rs391,000.

The price of 10 grams of 24-karat gold also slipped by Rs2,058, now available at Rs333,161. Meanwhile, 10 grams of 22-karat gold settled at Rs305,408, down Rs1,887 from Rs307,295 a day earlier.

The sudden dip left many wondering if this is the start of a bigger trend as the international market mirrored this fall, with global gold prices declining by $24, now trading at $3,668 per ounce instead of $3,692 on Tuesday.

Silver also faced heavy losses. In Pakistan, 24-karat silver per tola plunged by Rs109 to Rs4,387, while 10 grams dropped by Rs93 to Rs3,761. Internationally, silver prices slipped by $1.09, closing at $41.60 per ounce from $42.69 a day earlier.

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This sudden decline has raised eyebrows among traders and investors. Many are now questioning if gold will stabilize or continue to slide. For ordinary buyers, the fall brings some relief, but for investors who bought at the peak, it signals concern. The market remains uncertain, and all eyes are now on global trends to see what comes next.