Karachi, January 3, 2026: Gold prices in Pakistan witnessed a sharp decline on Saturday, falling by Rs4,700 per tola, in line with a downturn in the international bullion markets.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola dropped to Rs455,562, down from the previous day’s closing of Rs460,262 in the domestic market. The latest decrease comes after a period of heightened volatility, as gold prices had surged to an all-time high of Rs475,662 per tola on December 27, 2025.
Since hitting record levels last month, gold prices in Pakistan have fluctuated significantly, reflecting changing global trends and investor sentiment. Market participants noted that profit-taking and easing international prices have contributed to the recent correction.
Similarly, the price of 24-karat gold per 10 grams declined by Rs4,030, settling at Rs390,570 compared to Rs394,600 in the previous session.
Global Market Pressures Impact Local Rates
Bullion market experts attributed the fall in local gold prices primarily to weakness in the global gold market. Internationally, gold prices slipped by $47 per ounce, closing at $4,332, compared to $4,379 a day earlier.
Analysts said ongoing geopolitical uncertainties, shifting expectations around global interest rates, and international trade disputes have made gold prices highly volatile. While gold traditionally acts as a safe-haven asset, short-term fluctuations are being driven by rapid changes in global economic and political conditions.
Outlook for Gold Prices in Pakistan
Experts believe that gold prices in Pakistan may continue to remain volatile in the near term, closely tracking movements in the international market and the local exchange rate. Investors and consumers are advised to monitor global developments, as any major shift in geopolitical tensions or monetary policy could influence gold prices in the coming days.