{"id":653,"date":"2026-10-31T16:39:13","date_gmt":"2026-10-31T16:39:13","guid":{"rendered":"https:\/\/goodforfree.com\/index.php\/2026\/10\/31\/gold-crashes-rs10800-per-tola-in-pakistan-as-global-markets-tumble\/"},"modified":"2026-10-31T16:39:13","modified_gmt":"2026-10-31T16:39:13","slug":"gold-crashes-rs10800-per-tola-in-pakistan-as-global-markets-tumble","status":"publish","type":"post","link":"https:\/\/www.goodforfree.com\/index.php\/2026\/10\/31\/gold-crashes-rs10800-per-tola-in-pakistan-as-global-markets-tumble\/","title":{"rendered":"Gold Crashes Rs10,800 Per Tola in Pakistan as Global Markets Tumble"},"content":{"rendered":"
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Pakistani gold buyers witnessed a dramatic price collapse on Saturday as the precious metal tumbled by Rs10,800 per tola in a single day, reflecting a steep global selloff that has shaken investor confidence worldwide.<\/p>\n

The All Pakistan Sarafa Gems and Jewellers Association reported that 24-karat gold now stands at Rs409,736 per tola, while 10 grams dropped by Rs9,259 to Rs351,282. The sharp decline mirrors turmoil in international markets, where gold fell by $108 to $3,872 per ounce.<\/p>\n

Silver prices also retreated, declining Rs142 per tola to Rs5,388, adding to concerns among jewellers and households preparing for upcoming wedding season purchases.<\/p>\n

The sudden price drop comes amid a broader market panic driven by fears that massive corporate investments in artificial intelligence technology may fail to deliver expected returns. Technology stocks have slid sharply, triggering a chain reaction across global financial markets.<\/p>\n

Despite gold’s traditional reputation as a safe-haven asset during times of uncertainty, the metal has struggled to maintain its footing. Market analysts point to a combination of factors weighing on prices: ongoing geopolitical tensions involving Iran, elevated energy costs, wild swings in tech stocks, and mounting concerns over government debt levels in major economies.<\/p>\n

“The sky is falling,” said independent metals trader Tai Wong, describing the intensity of the selloff. Wong noted that while corporate earnings had previously supported the AI-fueled stock rally, that foundation now appears fragile.<\/p>\n

Experts at Commerzbank suggest the technology stock collapse may have forced investors to liquidate safe-haven assets like gold to meet margin calls. However, they anticipate a recovery in precious metals as the dust settles.<\/p>\n

Gold has now fallen approximately 30 percent from its record high of $5,595 per ounce reached in January, with demand from Asian markets remaining subdued. Still, analysts observe that central banks typically increase gold purchases when prices dip below $4,000 per ounce, which could provide support.<\/p>\n

Other precious metals have suffered even steeper losses. Silver, platinum, and palladium lack the same institutional backing from central bank purchases, leaving them more vulnerable to market swings.<\/p>\n

For Pakistani households, the price drop presents a double-edged sword. While lower prices may offer relief for families planning weddings or looking to purchase jewellery, the volatility raises concerns about the stability of gold as a savings vehicle. Many Pakistani families hold significant portions of their wealth in gold, viewing it as protection against currency depreciation and inflation.<\/p>\n

The prolonged decline offers little indication of a quick rebound, leaving market watchers cautious about the near-term outlook for precious metals.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pakistani gold buyers witnessed a dramatic price collapse on Saturday as the precious metal tumbled by Rs10,800 per tola in a single day, reflecting a steep global selloff that has shaken investor confidence worldwide. The<\/p>\n","protected":false},"author":1,"featured_media":652,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[3,5,4],"class_list":["post-653","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-ai-consensus","tag-ary-news","tag-journalist-ai"],"featured_image_url":"https:\/\/goodforfree.com\/wp-content\/uploads\/2026\/10\/gold-crashes-rs10-800-per-tola-in-pakistan-as-global-markets-tumble.png","read_time":"3 min read","source_name":"Goodforfree","_links":{"self":[{"href":"https:\/\/www.goodforfree.com\/index.php\/wp-json\/wp\/v2\/posts\/653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.goodforfree.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.goodforfree.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodforfree.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodforfree.com\/index.php\/wp-json\/wp\/v2\/comments?post=653"}],"version-history":[{"count":0,"href":"https:\/\/www.goodforfree.com\/index.php\/wp-json\/wp\/v2\/posts\/653\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.goodforfree.com\/index.php\/wp-json\/wp\/v2\/media\/652"}],"wp:attachment":[{"href":"https:\/\/www.goodforfree.com\/index.php\/wp-json\/wp\/v2\/media?parent=653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.goodforfree.com\/index.php\/wp-json\/wp\/v2\/categories?post=653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.goodforfree.com\/index.php\/wp-json\/wp\/v2\/tags?post=653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}