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Gold Prices Fall Sharply in Pakistan Amid Global Selloff
Gold prices in Pakistan witnessed a significant decline on Wednesday, dropping by Rs4,700 per tola to Rs430,236, tracking losses in the international bullion market for the fourth consecutive session.
The price of 10 grams of gold fell by Rs4,029 to Rs368,858, mirroring global trends where spot gold declined by $47 per ounce to **$4,078**.
Silver prices also moved lower, with the local rate dropping by Rs138 per tola to Rs6,421, while 10 grams declined by Rs119 to Rs5,504. In international markets, silver fell by $1.38 per ounce to $59.42.
Pakistan Stock Exchange Suffers Massive Bloodbath
In a dramatic turn, the Pakistan Stock Exchange experienced one of its worst sessions in history, with the benchmark KSE-100 index plummeting over 6,700 points during intra-day trading to 179,542 points.
The market rout was triggered by US President Donald Trump’s announcement that the interim understanding with Iran was “over,” coupled with threats of fresh military strikes. The aggressive rhetoric sparked panic across regional equities and global energy markets.
Investor Panic and Market Response
The volatile session was characterized by heavy institutional selling and margin calls as investors rushed to safe-haven assets. A senior equity analyst at a leading Karachi brokerage house stated: “The market was completely caught off guard by the abrupt collapse of the fragile diplomatic understanding.”
“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,” the analyst added.
Economic Implications
The dual decline in gold prices and equity markets highlights Pakistan’s vulnerability to geopolitical tensions in the region, particularly given the country’s dependence on energy imports and its proximity to potential conflict zones.
