Historic Gold Price Crash Shocks Pakistan’s Market
Pakistan’s gold market witnessed an unprecedented shock as prices plunged by nearly Rs 35,000 in a single day, marking one of the largest one-day drops in the country’s history. The sudden decline stunned investors, traders, and buyers alike, especially after weeks of record-high prices.
1/30/20261 min read
What Exactly Happened?
On January 30, the price of 24-karat gold per tola fell by approximately Rs 35,500, while the price of 10 grams of gold dropped by more than Rs 30,000. This sharp reversal erased a significant portion of gold’s recent gains within hours, sending ripples across local bullion markets.
Market analysts described the fall as extraordinary, noting that such a steep decline in a single trading session is rarely seen in Pakistan’s gold history.
The Global Connection
The primary driver behind this sudden crash was a major downturn in international gold prices. Globally, gold reportedly dropped by around $355 per ounce, triggering an immediate reaction in local markets. Since Pakistan’s gold prices are closely tied to international rates, the global slump translated directly into a dramatic domestic correction.
Impact on Buyers and Investors
For buyers, the drop offered short-term relief after months of soaring prices that had made gold increasingly unaffordable. For investors, however, the fall served as a stark reminder of gold’s vulnerability to global market shifts, currency movements, and changing economic expectations.
What’s Next for Gold?
Experts suggest that gold prices may remain volatile in the coming days, as global economic signals, interest rate expectations, and currency trends continue to influence the precious metals market. While some see this dip as a buying opportunity, others advise caution until the market stabilizes.
Disclaimer: This update is shared based on publicly available information. VOTG News is not responsible for any decisions made based on this news. The image is AI-generated only for illustration