Gold prices fall for fourth straight day in Pakistan

KARACHI: Gold prices in Pakistan fell sharply on Wednesday, tracking declines in the international market for the fourth consecutive session.

According to market data, the price of gold in the local bullion market dropped by Rs4,700 per tola to Rs430,236.

Similarly, the price of 10 grams of gold declined by Rs4,029 to Rs368,858.

The decline followed losses in the international bullion market, where spot gold fell by $47 per ounce to $4,078.

Silver prices also moved lower in both local and global markets.

In Pakistan, the price of silver fell by Rs138 per tola to Rs6,421, while the price of 10 grams declined by Rs119 to Rs5,504.

In the international market, silver prices dropped by $1.38 per ounce to $59.42.

On the other hand, the Pakistan Stock Exchange (PSX) suffered a massive bloodbath on Wednesday, with the benchmark KSE-100 index plummeting by over 6,700 points following US President Donald Trump’s sudden announcement that the interim understanding with Iran was “over”.

The aggressive rhetoric from Trump also sparked immediate panic across regional equities and global energy markets.

The KSE-100 index plummeted to 179,542 points during intra-day trade, shedding 6,713 points in a volatile session characterised by heavy institutional selling and margin calls as investors rushed to safe-haven assets.

“The market was completely caught off guard by the abrupt collapse of the fragile diplomatic understanding,” said a senior equity analyst at a leading Karachi brokerage house.

“The scale of the drop reflects systemic fears over supply chain disruptions, a fresh regional conflict, and its attendant impact on Pakistan’s import-heavy economy.”