Falling international bullion rates trigger sharp decline in Pakistan gold market amid volatile global sentiment
Gold prices in Pakistan dropped sharply on Wednesday, falling by 6,800 rupees per tola in line with a decline in international bullion markets, according to the All Pakistan Sarafa Gems and Jewelers Association.
The price of 24-karat gold per tola fell to Rs470,362 in the domestic market from the previous day’s closing level.
Despite the latest decline, gold prices remain significantly higher compared with historical levels after touching an all-time high of Rs572,862 per tola on January 29, 2026.
Meanwhile, the price of 24-karat gold per 10 grams declined by Rs5,830 to Rs403,259, compared with Rs409,089 a day earlier.
Bullion market experts attributed the sharp fall in local prices to weakness in international markets, where gold prices remained volatile amid changing geopolitical developments and investor sentiment.
In the global market, gold prices declined by $68 per ounce to settle at $4,480, down from the previous close of $4,548 per ounce.
Traders said fluctuations in international bullion prices continue to directly influence Pakistan’s local gold market due to reliance on global pricing trends and currency movements.
Analysts added that investors remain cautious as geopolitical tensions, inflation expectations, and monetary policy signals continue to shape precious metal demand worldwide.
