Gold prices in Pakistan experienced a significant decline on Wednesday, continuing a downward trend for the fourth straight session. The local bullion market saw gold prices drop by Rs4,700 per tola, settling at Rs430,236. Similarly, the price for 10 grams of gold decreased by Rs4,029, reaching Rs368,858.
This fall mirrored losses in the international bullion market, where spot gold prices fell by $47 per ounce to $4,078. Silver prices also declined both locally and globally. In Pakistan, silver prices dropped by Rs138 per tola to Rs6,421, while the 10-gram silver rate fell by Rs119 to Rs5,504. Globally, silver prices decreased by $1.38 per ounce to $59.42.
Meanwhile, the Pakistan Stock Exchange (PSX) endured a severe downturn on Wednesday. The benchmark KSE-100 index plunged by over 6,700 points following US President Donald Trump’s sudden declaration that the interim agreement with Iran had ended. This aggressive statement triggered immediate panic across regional stock markets and global energy sectors.
During intra-day trading, the KSE-100 index dropped to 179,542 points, shedding 6,713 points amid a volatile session marked by heavy institutional selling and margin calls. Investors rushed to safer assets in response to the uncertainty.
In a significant development, analysts noted that the market was caught off guard by the abrupt collapse of the fragile diplomatic understanding. The sharp decline reflects widespread concerns about potential supply chain disruptions, the risk of renewed regional conflict, and the consequent impact on Pakistan’s import-dependent economy.
