Gold Prices See Historic Drop After Record Surge, Per Tola Price Falls Sharply

**Islamabad:** After witnessing a sharp surge over the past two days, gold prices in Pakistan have recorded a **historic decline**, bringing major relief to buyers.

According to a statement issued by the **Sarafa Bazar Association**, the price of gold per tola has dropped by **Rs 35,500**, bringing the new rate down to **Rs 537,362 per tola**.

Similarly, the price of **10 grams of gold** has decreased by **Rs 30,435**, with the new price fixed at **Rs 460,701**.

Silver prices have also followed a downward trend. The price of **silver per tola** has declined by **Rs 1,106**, bringing it down to **Rs 11,069 per tola**.

Market experts say that fluctuations in the global economy, geopolitical tensions, changes in interest rates, and instability in currency markets have led investors to view gold and silver as safe-haven assets, increasing buying pressure and volatility in prices.

Experts further warn that if global economic and political conditions do not stabilize, **further fluctuations in gold and silver prices** may be seen, directly impacting local markets and consumers.

In terms of global gold reserves, the **United States ranks first worldwide**, while **China holds the top position in Asia**. India stands **eighth globally and second in Asia**, whereas **Pakistan ranks 49th** on the global list. Reports indicate that the United States, Germany, and Italy lead in gold reserves, while China and India hold the largest reserves in Asia.

According to the **World Gold Council**, central banks around the world purchased **over 1,000 metric tons of gold in 2024**, nearly double the average annual buying level of the past decade.