Gold Bloodbath: Pakistan Bullion Market Crashes by Rs 61,000 in Just 48 Hours.

The gold market in Pakistan is witnessing a historic meltdown as prices crashed by another Rs 25,500 per tola on Saturday, January 31, 2026. This follows Friday’s record-breaking drop of Rs 35,500, effectively wiping out nearly Rs 61,000 in value within a staggering 48-hour window.

Key Market Highlights:

• Current Local Rates: The price of 24-karat gold has settled at Rs 511,862 per tola, while the 10-gram rate dipped to Rs 438,839.
• Silver Plunge: Silver prices mirrored the downward spiral, sliding by Rs 2,063 per tola to settle at Rs 9,006.
• Global Correction: The local crash is a direct reflection of the international bullion market, where gold fell sharply by $255 to trade at $4,895 per ounce.
• Primary Triggers: Analysts point toward a strengthening US dollar and shifting expectations for Federal Reserve interest rates as investors rush for aggressive profit-taking after weeks of record-high prices.
• Investment Window: While peak investors are feeling the heat, middle-class buyers in Karachi, Lahore, and other major cities finally see a window of opportunity to enter the market.

This dramatic reversal comes just days after gold reached an all-time high of Rs 572,862 on Thursday, January 29, highlighting the extreme volatility currently facing the Pakistani economy.