Gold prices drop sharply in global, local markets

Price of gold per ounce dropped by $243, bringing it down to $4,767 per ounce

KARACHI: (UrduPoint/UrduPoint / Pakistan Point News-March 19th, 2026) Gold prices witnessed a significant decline in both international and local bullion markets on Thursday.

In the global bullion market, the price of gold per ounce dropped by $243, bringing it down to $4,767 per ounce. The sudden fall reflects ongoing fluctuations in the international market.

Following the global trend, local bullion markets also saw a major decrease.

The price of gold per tola fell by Rs 24,300, reaching Rs 499,462 per tola.

Similarly, the price of 10 grams of gold declined by Rs 20,833 to Rs 428,208.

Silver prices also moved downward in the domestic market.

The price of silver per tola decreased by Rs 760 to Rs 7,734, while the price of 10 grams of silver dropped by Rs 652 to Rs 6,630.

Market observers said the decline in precious metal prices is linked to changes in global demand and supply dynamics, which continue to influence domestic rates.