Karachi, February 6, 2026 – Gold prices in Pakistan experienced a sharp decline on Saturday, dropping by Rs21,400 per tola due to a slump in global bullion markets. According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola closed at Rs507,762, down from the previous closing of Rs529,162.
Similarly, the price of 24-karat gold per 10 grams fell by Rs18,347, settling at Rs435,324 compared to Rs453,671 in the local market. Market analysts attributed the drop to ongoing volatility in international gold prices, influenced by geopolitical tensions and global trade uncertainties.
The international gold market saw a significant decline, with prices dropping by $214 per ounce to close at $4,850, down from $5,064. Experts suggest that the recent fluctuations are linked to investor sentiment, stronger US dollar trends, and cautious economic outlooks in major economies.
Bullion traders in Karachi noted that the domestic market often mirrors international trends, and the current decline could continue if global conditions remain unstable. They advised gold investors to monitor international cues before making buying or selling decisions.
Despite the recent slump, gold remains a preferred investment in Pakistan, considered a safe haven against inflation and currency depreciation. Analysts predict potential stabilization in prices if global economic conditions improve.
This latest fall highlights the direct impact of global market movements on local gold rates, affecting both investors and consumers across Pakistan.