Karachi, January 1, 2026 – Gold prices in Pakistan extended their losing streak for the fourth consecutive day on Thursday, as 24-karat gold per tola fell by Rs2,400 in local markets.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola dropped to Rs454,562, compared to Rs456,942 recorded on the previous day. The metal had previously touched an all-time high of Rs475,662 per tola on December 27, 2025, before registering a continuous decline over the past four trading sessions. Similarly, the price of 24-karat gold per 10 grams decreased by Rs2,058, ending at Rs389,713 from Rs391,771 in the domestic market.
Market analysts attributed the downward trend in Pakistan’s gold prices to a combination of global geopolitical tensions and financial factors. The recent Saudi Arabia attack on Yemen and other international conflicts have impacted investor confidence, while the appreciation of the US dollar and slight easing of interest rates further contributed to the decline.
In the international market, gold prices also saw a drop, falling by $24 per ounce to close at $4,322, down from $4,346 per ounce in the previous session. Analysts noted that gold, traditionally considered a safe-haven asset, is currently facing pressure due to global uncertainties and fluctuating demand in both local and international markets.
Despite the decline, experts suggest that gold remains a stable long-term investment and that market watchers should keep an eye on both domestic and international developments, as global events and currency fluctuations continue to influence Pakistan gold prices.