Local bullion prices fall in line with international trends as global demand weakens during Eid holidays
Gold prices in Pakistan fell sharply on Tuesday, declining by Rs2,400 per tola in line with weaker international bullion rates, according to the All Pakistan Sarafa Gems and Jewelers Association.
The price of 24-karat gold per tola dropped to Rs475,362 from the previous day’s closing of Rs477,762 in local bullion markets.
Despite the latest decline, prices remain significantly higher compared with historical levels. Gold had previously touched an all-time high of Rs572,862 per tola on January 29, 2026, amid heightened uncertainty driven by Middle East tensions and global trade disruptions.
Similarly, the price of 24-karat gold per 10 grams fell by Rs2,057 to settle at Rs407,546 compared with the previous closing of Rs409,603 in domestic markets.
Bullion market analysts said the decline in local prices mirrored weakness in international markets, where investors remained cautious amid easing geopolitical concerns and reduced trading activity during Eid-ul-Adha holidays across parts of the Gulf region.
In the international market, gold prices slipped by $24 per ounce to settle at $4,530, compared with the previous session’s $4,554.
Market experts said fluctuations in global bullion rates, currency movements and geopolitical developments would continue to influence domestic gold prices in the coming days.
They added that short-term volatility is likely to persist as investors adjust positions in response to changing global economic signals.
