In a dramatic shift triggered by escalating tensions in the US-China tariff war, gold prices in Pakistan and globally have recorded their steepest drop in history, according to the All Pakistan Sarafa Gems and Jewellers Association.
The price of 24-karat gold per tola in Pakistan fell by Rs11,700, settling at Rs352,000, while 10 grams dropped by Rs10,031 to Rs301,783.
In the international market, gold prices saw a sharp decline of $116 per ounce, bringing the rate down to $3,338.
In contrast, silver prices registered gains, with 24-karat silver per tola rising by Rs16 to Rs3,457, and 10 grams increasing by Rs13 to Rs2,963. On the global stage, silver prices climbed by $0.16, reaching $32.93 per ounce.
The sudden shift in precious metal prices reflects heightened market volatility driven by global economic uncertainties.
