Karachi, January 8, 2026 — Gold prices in Pakistan recorded a modest decline on Thursday, slipping by Rs600 per tola as international bullion markets showed limited movement. The slight correction comes after weeks of heightened volatility driven by global economic uncertainty and geopolitical tensions.
According to the All Pakistan Sarafa Gems and Jewelers Association (APSGJA), the price of 24-karat gold per tola fell to Rs466,162, down from the previous day’s closing of Rs466,762 in local markets. Despite the recent dip, gold prices remain near historic highs, having touched an all-time peak of Rs475,662 per tola on December 27, 2025.
Similarly, the price of 24-karat gold per 10 grams declined by Rs515, settling at Rs399,658 compared to the earlier closing of Rs400,173. Traders noted that buying interest remained cautious as investors closely monitored international trends and currency movements.
Bullion market analysts attributed the marginal decline in domestic gold prices to slight adjustments in global bullion rates. Ongoing geopolitical tensions, persistent trade disputes among major economies, and uncertainty over future monetary policies have continued to keep international gold prices fluctuating within a narrow range.
In the global market, gold prices slipped by $6 per ounce, closing at $4,438, compared to $4,444 in the previous session. Experts believe that any sharp movement in international prices could quickly translate into local market changes due to Pakistan’s reliance on imported gold.
Pakistan is a net importer of gold, primarily to meet domestic demand for jewelry manufacturing and investment purposes. As a result, local gold prices remain highly sensitive to international bullion rates and exchange rate fluctuations, keeping the market on edge in the short term.