Record-Breaking Plunge: Gold Price per Tola in Pakistan Drops by Rs43,600 in Single Day

In an unprecedented development, the price of 24-karat gold per tola in Pakistan has witnessed its largest single-day decline on record, plummeting by Rs43,600 to settle at Rs447,762.

This sharp fall surpasses the previous historic single-day drop of Rs35,500 recorded in late January 2026, when prices corrected after touching record highs above Rs570,000 levels amid global rallies.

The dramatic slide mirrors a severe international gold sell-off, with spot prices experiencing one of the steepest weekly declines since 2011, nearly 10% in recent sessions. Analysts attribute the rout primarily to the U.S. Federal Reserve signaling a more cautious approach, with expectations now limited to just one interest rate cut in 2026, coupled with a strengthening U.S. dollar that reduces gold’s appeal as a non-yielding asset.

Local bullion markets, closely tracking international benchmarks, have seen volatility intensify in recent months. Gold had earlier crossed the psychological Rs500,000 barrier for the first time in Pakistan’s history in January 2026 before facing aggressive profit-taking and macroeconomic shifts.

Market experts view the current correction as a potential short-term buying window for investors amid Pakistan’s ongoing economic challenges, though gold’s traditional safe-haven status continues to underpin longer-term demand.Traders and jewellers associations are closely monitoring global cues, with any reversal in Fed policy expectations or geopolitical tensions likely to influence the next direction.