Karachi, January 15, 2026 – Gold prices in Pakistan recorded a notable decline on Thursday, falling by Rs3,700 per tola, as uncertainty and sharp fluctuations in international bullion markets continued to impact local prices.
According to the All Pakistan Sarafa Gems and Jewelers Association (APSGJA), the price of 24-karat gold per tola decreased to Rs482,462, down from Rs486,162 in the previous session. The earlier rate had marked the highest-ever level for gold in Pakistan, prompting profit-taking by investors and traders.
Similarly, the price of 24-karat gold per 10 grams dropped by Rs3,172, settling at Rs413,633, compared to the previous day’s closing of Rs416,805 in domestic bullion markets.
Bullion market experts attributed the decline in local gold prices to ongoing volatility in global markets. They explained that shifting expectations around global interest rates, coupled with geopolitical tensions and trade disputes, have led to rapid movements in international gold prices, which are quickly reflected in Pakistan’s market.
On the international front, gold prices also moved lower. Global bullion rates declined by $37 per ounce, closing at $4,601, compared to $4,638 per ounce a day earlier. Analysts noted that investors remained cautious amid mixed economic signals from major economies.
Market participants believe that gold prices in Pakistan may continue to fluctuate in the coming days, closely tracking movements in the global bullion market and changes in the rupee-dollar exchange rate.