Gold Prices Now Close to Rs. 5 Lac Per Tola. Gold prices in Pakistan recorded a significant decline, bringing the per tola rate close to the Rs. 5 lakh mark after a massive single-day decrease. The sudden fall in bullion rates has drawn strong attention from investors, jewelers, and buyers who closely track daily gold price movements. The latest change reflects both international market pressure and local pricing adjustments.
According to figures shared by the All Pakistan Sarafa Gems and Jewellers Association, the domestic gold market experienced a sharp correction on Friday, leading to one of the biggest recent price drops.
Major Decline in 24K Gold Per Tola
The price of 24-karat gold per tola dropped by Rs. 21,400, settling at Rs. 507,762. This sharp decrease pushed gold rates down from their recent highs and brought temporary relief for buyers who had been waiting for a correction.
Such a large single-day drop is considered unusual and signals strong movement in the precious metals market. Traders say rapid price shifts are often linked with global rate swings and currency dynamics.
Updated Gold Rates Per 10 Grams
Not only per tola prices declined, but gold rates per 10 grams also recorded a strong downward adjustment across purity categories.
Latest Rates:
- 24K Gold (10 grams): Rs. 435,324
Decrease of Rs. 18,347 - 22K Gold (10 grams): Rs. 399,061
Decrease of Rs. 16,819
These reductions show that the correction was market-wide and affected all standard trading weight units.
Silver Prices Also See Strong Correction
Silver prices followed gold’s downward trend and also recorded a noticeable drop in the local bullion market. This indicates a broader precious metals correction rather than a gold-only adjustment.
Updated Silver Rates:
- Silver per tola: Rs. 7,825
Down by Rs. 1,430 - Silver per 10 grams: Rs. 6,708
Down by Rs. 1,226
Silver often moves in the same direction as gold, though usually with higher percentage volatility.
International Market Decline Behind Local Drop
One of the biggest drivers of Pakistan’s gold price movement is the international bullion market. The latest domestic drop came alongside a major fall in global metal prices.
International Rates Update:
- Gold: $4,850 per ounce
Down by $214 - Silver: $73.50 per ounce
Down by $14.30
When global gold prices fall, local rates typically adjust quickly, especially when combined with exchange rate movements and import cost factors.
Why Gold Prices Change So Quickly
Gold prices are influenced by several key factors. A sudden drop like this usually happens when multiple elements align at the same time.
Main Price Drivers:
- International gold market trends
- US dollar strength or weakness
- Currency exchange rate fluctuations
- Investor profit-taking
- Central bank policy signals
- Geopolitical stability or tension
- Inflation expectations
When global investors sell gold to book profits or shift funds to other assets, prices can fall rapidly — and local markets follow.
Impact on Buyers and Investors
A sharp fall in gold prices creates mixed reactions in the market.
For Buyers:
- Good opportunity for jewelry purchases
- Wedding season buyers may benefit
- Lower entry point for small investors
For Investors:
- Short-term traders may stay cautious
- Long-term holders often wait for stability
- Some investors may see dips as buying opportunities
However, experts advise that buyers should not rely on one-day drops alone and should watch the trend for several days.
Reaction From Local Bullion Traders
Local bullion dealers report increased inquiry activity after the price drop. Whenever gold falls sharply, customer interest rises — even if actual purchase volume takes time to recover.
Traders also note that volatility has increased in recent months, with larger-than-usual daily movements becoming more common. This makes timing more important than ever for both buyers and sellers.
Comparison With Recent High Levels
Gold had been trading near record-high territory before this correction. The fall of over Rs. 21,000 per tola represents a meaningful pullback rather than a minor fluctuation.
Market watchers say such corrections are normal in long upward cycles. Prices rarely move in a straight line and often experience sharp pullbacks before stabilizing again.
Should You Buy Gold After This Drop?
Whether to buy after a drop depends on your purpose.
You may consider buying if:
- You need gold for jewelry soon
- You are a long-term investor
- Prices stabilize for a few days
You may wait if:
- Prices remain highly volatile
- International markets continue falling
- Currency rates are unstable
Smart buyers usually monitor both global gold charts and local currency trends before making decisions.
Short-Term Market Outlook
Analysts expect continued volatility in precious metals. If international gold prices remain under pressure, local rates may fluctuate further. On the other hand, any global rebound could quickly lift domestic prices again.
Because gold is considered a safe-haven asset, uncertainty in global markets can quickly reverse downward trends.
Conclusion
Gold prices in Pakistan have dropped sharply, bringing rates near five lakh per tola and creating fresh market momentum. The decline reflects global corrections and local factors. Buyers may find opportunities, but volatility remains likely, so careful timing and market tracking are essential for smart purchase decisions by investors today.
