Gold price plummets - The Nation (Pakistan )

AI desk brief

Gold and silver sold off sharply in Pakistan’s local market, with 24-karat gold down Rs11,300 to Rs454,036/tola and 10g 24-karat down Rs9,688 to Rs389,262. International gold also fell $113 to $4,315/oz, while silver dropped Rs270 to Rs6,859/tola domestically and $2.70 to $63.80/oz globally.

The move points to broad pressure across precious metals rather than a purely local pricing adjustment, with both gold and silver marked lower at the international reference level. The size of the decline in rupee terms was amplified by local market pricing, but the direction remains clearly bearish for the complex.

Near term, traders will watch whether the selloff extends beyond Pakistan’s retail market into broader bullion trade and paper pricing. A follow-through break in spot gold below the low-$4,300s and silver below the mid-$60/oz area would keep momentum negative; stabilization would likely require a rebound in global spot demand or a pullback in real yields/USD strength.