Karachi, February 17, 2026 — Gold prices in Pakistan witnessed a sharp decline on Tuesday, falling by Rs9,000 per tola, in line with a downward trend in international bullion markets.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola dropped to Rs514,762, compared to the previous day’s closing of Rs523,762 in the domestic market. Despite the latest fall, gold prices remain historically high, having touched an all-time peak of Rs572,862 per tola on January 29, 2026.
Similarly, the price of 24-karat gold per 10 grams declined by Rs7,716, settling at Rs441,325, down from Rs449,041 recorded in the previous session. The drop has brought temporary relief to buyers, although prices remain elevated compared to historical averages.
Market analysts attributed the local price decline primarily to a sharp fall in international gold prices, driven by shifting investor sentiment, evolving geopolitical developments, and fluctuations in the US dollar. They noted that uncertainty surrounding global trade policies and geopolitical tensions continues to fuel volatility in bullion markets.
In the international market, gold prices fell by $90 per ounce, closing at $4,920, compared to $5,010 in the previous session. The global downturn directly influenced domestic prices, as Pakistan’s bullion market closely follows international trends.
Traders said that short-term price movements are likely to remain volatile, depending on global economic data, central bank policies, and geopolitical developments. Investors are advised to stay cautious, while consumers may benefit from the temporary price correction.
The gold market remains highly sensitive to global cues, and further fluctuations are expected in the coming days.