Gold price per tola in Pakistan saw a massive and unexpected drop of Rs43,600 in a single day, surprising investors and buyers across the country. This sharp fall comes at a time when global uncertainty is rising due to the escalating conflict involving the United States, Israel, and Iran.
In the local market, the price of gold per tola dropped to Rs447,762 after this historic decline. Traders said such a huge one-day fall is very rare and has created confusion among investors who usually see gold as a safe asset during wars.
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Similarly, the price of 10-gram gold also decreased significantly and was recorded at Rs383,883, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Market dealers noted that buyers are now waiting instead of purchasing, expecting further changes.
At the global level, gold prices also faced heavy pressure. The international rate of gold dropped by $436, bringing it down to $4,250 per ounce “with a premium of $20”. Analysts say this decline is linked to sudden shifts in investor behavior during the ongoing war tensions.
Usually, during conflicts, investors move towards gold for safety. However, this time many investors are selling gold to cover losses in other markets such as oil and stocks, which are heavily affected by the US-Israel Iran conflict. This unusual trend has pushed gold prices down instead of up.
Meanwhile, silver prices also followed the same trend. The price of silver decreased by Rs800, reaching Rs6,884 per tola in the local market.
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Experts say the ongoing war situation is creating extreme volatility in global markets. Sudden military developments, sanctions, and uncertainty are forcing investors to make quick decisions, which is directly impacting gold and silver prices.
This drop looks unusual during a war. Investors are acting differently this time. They are selling gold to manage losses. Prices may rise or fall quickly if tensions grow.
