Karachi, February 2, 2026 — The All Pakistan Sarafa Gems and Jewelers Association (APSGJA) on Monday released the latest gold and silver prices to keep the general public and bullion traders informed amid heightened market volatility.
According to the association, precious metal prices in Pakistan remained under strong pressure for the third consecutive session, reflecting a crash-like situation in both gold and silver markets. The sharp decline has followed a similar trend in international bullion prices, where heavy selling was witnessed during recent trading sessions.
In the local market, the price of 24-karat gold per tola dropped significantly, while rates per 10 grams also recorded notable losses. Silver prices followed the same downward path, shedding substantial value in a single day. Traders reported weak demand as investors remained cautious, anticipating further fluctuations linked to global developments.
Market analysts attributed the steep fall in domestic gold and silver prices primarily to declining international rates. They said easing geopolitical concerns, shifting investor sentiment, and profit-taking at higher levels have collectively pushed global bullion prices lower, directly impacting local markets in Pakistan.
Below is the table showing the latest gold and silver prices as of February 2, 2026:
| Metal & Purity | Price | Change |
| Gold 24-karat per tola | Rs490,362 | -Rs21,500 |
| Gold 24-karat per 10 grams | Rs420,406 | -Rs18,433 |
| Gold 22-karat per 10 grams | Rs385,386 | -Rs16,897 |
| Gold per ounce (global) | $4,676 | -$215 |
| Silver 24-karat per tola | Rs8,405 | -Rs601 |
| Silver 24-karat per 10 grams | Rs7,205 | -Rs516 |
| Silver per ounce (global) | $79.30 | -$6.01 |
Experts cautioned that precious metal prices may remain volatile in the near term, urging investors to closely monitor international market trends before making buying decisions.