Gold prices in Pakistan fell on Tuesday, tracking a decline in international markets and weaker demand. The price of 24 karat gold dropped by Rs9,000 per tola to Rs514,762, according to the All Pakistan Gems and Jewellers Sarafa Association.
The rate for 24 karat gold per 10 gram also moved down by Rs7,716 to Rs441,325. Meanwhile, 22 karat gold was quoted at Rs404,562 per 10 gram, showing a similar downward trend.
Silver prices also slipped in the local market. 24 karat silver was sold at Rs8,014 per tola after a fall of Rs150. The price per 10 gram declined by Rs129 to Rs6,870.
Global market pressures gold
In the international market, gold prices moved lower as tensions eased and the US dollar strengthened. Spot gold traded near $4,918 per ounce, down about 1.43 percent from the previous session.
Gold fell more than 2 percent during the day as trading activity remained thin due to holidays in major Asian markets. Mainland China, Hong Kong, Singapore, Taiwan and South Korea were closed for Lunar New Year, while US markets were shut a day earlier for Presidents Day.
A stronger dollar also weighed on bullion. The US dollar index rose 0.3 percent, making gold more expensive for buyers using other currencies.
Investors are now watching the minutes of the US Federal Reserve January meeting, due on Wednesday. The market expects interest rate cuts to begin around June. Gold usually performs better when interest rates are low because it does not offer any yield.
Gold movement in Pakistan during February 2026
Gold prices have shown sharp swings throughout the month:
February 2: Fell Rs21,500 per tola to Rs490,362
February 3: Rose Rs24,000 to Rs514,362
February 4: Gained Rs14,800 to Rs529,162
February 6: Dropped Rs21,400 to Rs507,762
February 7: Increased Rs11,700 to Rs519,462
February 9: Rose Rs5,300 to Rs524,762
February 10: Added Rs1,500 to Rs526,262
February 11: Increased Rs2,300 to Rs528,562
February 12: Remained unchanged at Rs528,562
February 13: Fell Rs8,600 to Rs519,962
February 14: Rose Rs7,000 to Rs526,962
February 16: Dropped Rs3,200 to Rs523,762
February 17: Fell Rs9,000 to Rs514,762
