KARACHI: Gold prices nosedived on Monday, posting a mamooth fall by over Rs12,000 per tola, reflecting the international market’s sharp downturn, traders said.
The yellow metal prices reached Rs438,136 per tola and Rs375,631 per 10 grams after the fresh plunge by Rs12,800 and Rs10,973, respectively, All Pakistan Sarafa Gems and Jewellers Association said.
World gold bullion market lost USD 128, falling significantly to USD 4,156 per ounce while silver registered a notable decline of USD 3.25, settling at USD 61 per ounce, it added.
Domestic market was also affected by the global bullion recession, where silver was trading for Rs6,578 per tola and Rs5,639 per 10 grams, down by Rs325 and Rs279, respectively, the association said.
It is worth noting that the open market may sell gold and silver at different prices as compared to those announced by the association according to the interbank exchange rates.
Copyright Business Recorder, 2026
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