Gold and silver prices crashed in Pakistan and international centers in an unprecedented manner in the bullion market today. The international rates declined to record highs and investors witnessed a huge correction as today gold price fell by PKR 21,500 per tola. This change of direction is after a tightening of the US dollar and change of leadership in American monetary policy.
Gold Price Crash in Pakistan: Bullion Rates Plunge by PKR 21,500
After weeks of relentless record-breaking highs, gold prices finally buckled. The All Pakistan Sarafa, Gems & Jewelers Association confirmed a massive drop on Monday. The gold price in Pakistan today per tola fell by PKR 21,500, settling at PKR 490,362.
This isn’t just a local dip. It is a significant market correction for February 2026.
The price drop hit every category. 10 grams of gold decreased by PKR 18,433, bringing the new rate to PKR 420,406. Silver followed the downward spiral. The white metal shed PKR 601, dropping the price per tola to PKR 8,405.
| Metal Category | Current Rate (PKR) | Price Decrease (PKR) |
| Gold 24K (Per Tola) | 490,362 | â–Ľ 21,500 |
| Gold 24K (10 Grams) | 420,406 | â–Ľ 18,433 |
| Silver (Per Tola) | 8,405 | â–Ľ 601 |
The international market triggered this local collapse. Gold per ounce dropped by USD 215, trading at USD 4,676. Silver also fell by USD 6.01, landing at USD 79.30 per ounce.
Market analysts point to the “Warsh Effect.” US President Donald Trump nominated Kevin Warsh to lead the Federal Reserve. Investors view Warsh as a hawk on inflation. This news boosted the US Dollar Index. A stronger dollar makes gold more expensive for other currency holders. Consequently, global demand cooled instantly.
If you are planning a wedding or looking for an investment entry point, this volatility matters. The market is moving fast. We are seeing profit-taking on a global scale. While today gold price is lower, the “safe-haven” status of gold remains a topic of intense debate among Karachi dealers.