Sharp fall in international bullion markets drags local gold prices lower
Gold prices in Pakistan recorded a sharp decline on Friday, falling by Rs15,500 per tola amid a major drop in international bullion markets.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola dropped to Rs476,862 from the previous day’s closing level of Rs492,362 in local bullion markets.
The association noted that gold prices in Pakistan had previously reached an all-time high of Rs572,862 per tola on January 26, 2026.
Meanwhile, the price of 24-karat gold per 10 grams also declined sharply to Rs408,832 compared with Rs422,121 recorded a day earlier.
Bullion market analysts attributed the decline in domestic prices to weakening trends in the international gold market.
They said ongoing geopolitical tensions, shifting investor sentiment, and concerns regarding global inflation continued to keep bullion prices highly volatile.
In international markets, gold prices fell by $155 per ounce to close at $4,545, down from the previous session’s level of $4,700 per ounce.
Market experts said the latest correction reflected profit-taking activity and changing expectations regarding global economic conditions and interest rate trends.
They added that since Pakistan relies heavily on imported gold to meet local demand, fluctuations in global bullion prices directly influence domestic market rates.
Despite the sharp daily decline, analysts noted that gold prices remain historically elevated due to persistent global economic uncertainty and safe-haven demand.