KARACHI – Gold prices recorded highest single-day drop of Rs35,500 per tola in Pakistan in line with volatility in international market on Friday. The per tola price of gold settled at Rs573,362 a day after it surged to historic high of Rs572,862 in previous sessions. It is recalled over the last two days, gold prices had surged by over Rs42,000, indicating high volatility in the precious metals market. The sudden drop in gold prices has sparked conversations about the potential long-term impact on the jewelry and investment sectors in Pakistan. The unprecedented shake-up comes as the global gold market plunged dramatically on Thursday, January 29, erasing nearly $3.4 trillion in market value in a single day.