Karachi, January 7, 2026 — Gold prices in Pakistan declined on Wednesday, falling by Rs1,200 per tola, as local bullion markets followed the downward trend seen in international gold prices.
According to the All Pakistan Sarafa Gems and Jewelers Association (APSGJA), the price of 24-karat gold per tola dropped to Rs466,762, compared to the previous day’s closing of Rs467,962 in domestic markets. Despite the latest decline, gold prices in Pakistan remain historically high, having reached an all-time record of Rs475,662 per tola on December 27, 2025, driven by strong investor demand and global economic uncertainty.
The price of 24-karat gold per 10 grams also witnessed a decrease of Rs1,028, settling at Rs400,173 against the previous closing of Rs401,201. Jewelers noted that daily fluctuations in prices have affected buying activity, as consumers remain cautious amid persistent volatility in the precious metals market.
Bullion market experts said the drop in local gold prices was mainly due to easing trends in the international markets. They explained that global gold prices have remained unstable in recent weeks, influenced by uncertain geopolitical developments, ongoing trade tensions, and shifting expectations regarding global monetary policies.
In the international market, gold prices declined by $12 per ounce to close at $4,444, down from $4,456 in the previous session. Analysts believe gold prices may continue to fluctuate in the short term as investors closely monitor geopolitical risks, inflation trends, and movements in major currencies.