Karachi, January 17, 2026 — Gold prices in Pakistan recorded a modest decline on Saturday, falling by Rs600 per tola, as easing geopolitical tensions reduced safe-haven demand in global and local bullion markets, traders said.
According to data released by the All Pakistan Sarafa Gems and Jewelers Association (APSGJA), the price of 24-karat gold per tola dropped to Rs481,862, down from Rs482,462 recorded in the previous session. Despite the decline, gold prices remain close to historic highs after reaching an all-time peak of Rs486,162 per tola on January 14, 2026.
Similarly, the price of 24-karat gold per 10 grams fell by Rs515 to settle at Rs413,118, compared with Rs413,633 a day earlier in domestic markets. Market participants noted that the recent correction reflects short-term profit-taking following sharp gains earlier this month.
Bullion market experts attributed the easing prices primarily to reduced geopolitical uncertainty, particularly after a cooling of tensions related to the Iran–US situation and global trade disputes. These developments had previously pushed investors toward gold as a safe-haven asset, driving prices higher both internationally and in Pakistan.
In the international bullion market, gold prices also edged lower, declining by $6 per ounce to close at $4,595, compared with the previous day’s closing of $4,601. Analysts said global movements continue to influence domestic gold rates, alongside currency fluctuations and investor sentiment.
Despite the latest dip, traders believe gold prices may remain volatile in the near term, closely tracking global political developments, interest rate expectations, and movements in the international bullion market.