Gold price in Pakistan drops significantly amid market fluctuations

Gold price in Pakistan drops significantly amid market fluctuations

Gold prices in Pakistan have experienced a significant drop of Rs5,500 in just one day. As of April 29, 2026, the price per tola reached Rs479,562. This fluctuation reflects ongoing volatility in the gold market.

On April 26, 2026, gold prices had increased by Rs2,300 to settle at Rs493,162. However, just days earlier on April 23, they had fallen by Rs5,200 to Rs493,762. The rapid changes highlight the instability within the international bullion market.

The decline in gold value also coincides with a decrease in silver prices. On April 29, silver fell by Rs45 to reach Rs7,766 per tola. This trend is concerning for both consumers and investors.

In terms of gold sold per 10 grams, the price was reported at Rs411,147 after a decline of Rs4,715. Previously on April 26, it had risen to Rs422,806.

The All-Pakistan Gems and Jewellers Sarafa Association continues to monitor these fluctuations closely. Analysts suggest that global economic conditions may be influencing these price shifts.

As observers watch the market closely, uncertainty surrounds future trends. No definitive reasons have been provided for these rapid changes. The impact of international rates remains significant as the current rate has declined by $55 to $4,572 per ounce.