Gold Prices Plunge Globally and Locally in One of the Biggest Single-Day Declines
Karachi | January 30, 2026Gold prices recorded a sharp fall in both international and domestic markets on Friday, marking one of the steepest single-day declines in recent history.In the international bullion market, gold dropped by $355 per ounce to $5,150, a move traders described as unusually large amid volatile global financial conditions.Following the global trend,…
Karachi | January 30, 2026
Gold prices recorded a sharp fall in both international and domestic markets on Friday, marking one of the steepest single-day declines in recent history.
In the international bullion market, gold dropped by $355 per ounce to $5,150, a move traders described as unusually large amid volatile global financial conditions.
Following the global trend, gold prices in Pakistan also fell sharply. The price of 24-karat gold per tola declined by Rs35,500 to Rs537,362, while 10 grams of gold dropped by Rs30,435 to Rs460,701, according to local market data.
Silver prices also moved lower. In the domestic market, silver per tola fell by Rs1,106 to Rs11,069, while 10 grams of silver declined by Rs949 to Rs9,489.
Analysts attribute the downturn to shifting investor sentiment, US dollar movements, and broader uncertainty in global commodity markets.
