Good News for Buyers: Gold Prices Drop Suddenly Across Pakistan

Gold prices in Pakistan have witnessed a major and unexpected decline, creating strong attention in local markets. On January 31, a sharp fall was recorded in gold and silver prices, bringing relief to buyers after weeks of high rates. The sudden drop is being described as one of the biggest single-day price reductions in recent times. Investors, jewelers, and the general public are closely watching the market situation as international trends continue to affect local prices.

The decrease in gold prices is directly linked to changes in the global bullion market. A strong fall in international gold rates pushed local prices down across Pakistan. This development has reduced the cost of gold jewelry and investment gold, especially for people planning weddings or long-term savings.

Category	Latest Update
Gold Price Change	Decrease
Per Tola 24K Gold	Rs 511,862
International Gold Rate	$4,895
Market Source	Sarafa Association

Govt of Punjab Announces Four-Day Holiday from Feb 5 to Feb 8, 2026 (Official Notification)

Latest Gold Price Update in Pakistan

According to the All Pakistan Sarafa Gems and Jewellers Association, gold prices dropped significantly across the country. The price of 24-karat gold per tola decreased by Rs 25,500, bringing the new rate down to Rs 511,862. This sharp fall has been recorded in all major cities including Karachi, Lahore, Islamabad, and Peshawar, with only minor variations.

The sudden drop has surprised both buyers and sellers. Many people who were waiting for prices to come down are now showing interest in purchasing gold. Jewelers say that customer inquiries have increased due to the reduced rates, especially for bridal jewelry and gold bars.

Punjab Mazdoor Card 2026 – Online Registration, Benefits & Eligibility Explained Simply

Per 10 Gram Gold Rates After Decline

Along with per tola rates, gold prices per 10 grams also recorded a strong decline. The price of 24-karat gold per 10 grams fell by Rs 21,862, after which the new rate settled at Rs 438,839. This reduction has directly affected the overall cost of gold jewelry.

Similarly, the price of 22-karat gold per 10 grams also went down. After a decrease of Rs 20,041, the new rate reached Rs 402,283. Since most jewelry in Pakistan is made using 22-karat gold, this change is considered important for common buyers. Lower rates may increase demand in local markets in the coming days.

Nigehban Ration Card Converted to 10000 ATM Card: What You Need to Know

International Market Impact on Local Prices

The main reason behind the sharp decline in Pakistan’s gold prices is the fall in international gold rates. In the global market, gold prices dropped by 255 dollars per ounce. After this decrease, the international gold rate reached 4,895 dollars.

Pakistan heavily depends on international market trends for gold pricing. Any major change in global rates immediately affects local prices. Currency movements, global economic conditions, and investor behavior all play a role in determining international gold prices, which then influence domestic markets.

Silver Prices Also Drop Significantly

Not only gold, but silver prices also recorded a noticeable decline. The price of silver per tola dropped by Rs 2,063, bringing the new rate down to Rs 9,006. This decrease has made silver more affordable for small investors and industrial users.

The price of 10 grams of silver also decreased sharply. After a fall of Rs 1,768, the new rate reached Rs 7,721. Silver prices often follow the trend of gold in both local and international markets, and the recent decline reflects the same global pressure.

Global Silver Market Situation

In the international market, silver prices also moved downward. According to reports, global silver prices declined by 10.63 dollars, bringing the new rate to 85.31 dollars per ounce. This fall in global silver rates contributed directly to the decline seen in Pakistan.

Experts believe that reduced demand at the international level and changes in investment patterns are responsible for this drop. Global market uncertainty often causes investors to adjust their positions, which impacts precious metal prices worldwide.

Market Reaction and Buyer Expectations

Following the price drop, market activity is expected to increase. Many buyers who were waiting for a correction in prices may now enter the market. Jewelers believe that if prices remain stable at these levels, demand for gold jewelry could rise, especially with upcoming wedding seasons.

However, experts also warn that gold prices are highly sensitive to international developments. Any sudden change in global markets or currency rates could again push prices upward. Buyers are advised to stay updated with daily rates before making purchasing decisions.

Conclusion

The sharp decline in gold and silver prices has brought temporary relief to buyers in Pakistan. With per tola gold falling by Rs 25,500 and international rates dropping significantly, the local market has reacted quickly. Both investors and jewelry buyers are now closely monitoring the situation. While the current decrease has made gold more affordable, future prices will continue to depend on international market trends and economic conditions. Staying informed remains the best strategy for anyone planning to buy or invest in precious metals.