Gold prices in Pakistan edged lower on Thursday, snapping a brief rally after hitting record highs a day earlier, as easing global tensions and a stronger dollar weighed on the market.
According to the All Pakistan Gems and Sarafa Association (APGJSA), the price of 24 karat gold fell by Rs800 per tola to settle at Rs505,562. The drop ended a three-day winning streak that had pushed prices to historic levels in the local market.
The rate of 10 gramme 24 karat gold also declined, shedding Rs686 to close at Rs433,437. Meanwhile, 22 karat gold was quoted at Rs397,331 per 10 gramme, reflecting the broader pullback in bullion prices.
Silver also loses ground
Silver followed the same trend, with prices slipping in the local market. The rate of 24 karat silver dropped by Rs30 to Rs9,903 per tola, while 10 gramme silver eased by Rs25 to Rs8,490.
The softer local rates mirrored moves in the international market, where gold prices retreated after a sharp surge in the previous session.
Globally, spot gold fell by 0.8 percent to $4,796.75 per ounce by 0524 GMT, after touching a record peak of $4,887.82 earlier. US gold futures for February delivery were also down 0.8 percent at $4,799.90 per ounce.
Market watchers said the decline came as geopolitical tensions eased, reducing demand for gold as a safe-haven asset. Sentiment improved after US President Donald Trump stepped back from fresh tariff threats and proposals related to Greenland, while a firmer US dollar added further pressure on precious metals.
Strong start to 2026 despite dip
Despite Thursday’s decline, gold prices in Pakistan have shown strong momentum since the start of 2026, marked by sharp swings. Prices opened the year at Rs454,562 per tola on January 1 and climbed steadily, with notable gains on January 5, when gold jumped Rs9,200, and on January 12, when it rose Rs7,700.
The rally continued through mid-January, pushing prices above Rs490,000 per tola by January 20. Although the latest drop has cooled the market slightly, gold remains well above its early-January levels.
Traders say price movements in the coming days are expected to remain sensitive to global economic signals, currency trends and any fresh developments on the geopolitical front.
Gold price in Pakistan since start of 2026
January 22, 2026: Gold price dipped Rs800 per tola to Rs505,562.
January 21, 2026: Gold gained Rs12,700 per tola to hit Rs506,362.
January 20, 2026: Gold price increased by Rs4,300 to hit Rs493,662 per tola.
January 19, 2026: Gold price gained Rs7,500 to hit Rs489,362 per tola.
January 17, 2026: Gold rate declined Rs600 to hit Rs481,862 per tola.
January 16, 2026: Gold price remained stable at Rs482,462 per tola.
January 15, 2026: Gold price dipped Rs3,700 to hit Rs482,462 per tola.
January 14, 2026: Gold price jumped Rs4,300 per tola to Rs486,162.
January 13, 2026: Gold rate increased Rs900 per tola to hit Rs481,862.
January 12, 2026: Gold price rose Rs7,700 per tola to Rs480,962.
January 10, 2026: Gold price surged Rs3,700 per tola to Rs473,262.
January 9, 2026: Gold price increased Rs3,400 per tola to Rs469,562.
January 8, 2026: Gold price dropped by Rs600 per tola to Rs466,162.
January 7, 2026: Gold dropped by Rs1,200 per tola to Rs466,762.
January 6, 2026: Gold rose by Rs3,200 per tola to Rs467,962.
January 5, 2026: Gold gained Rs9,200 per tola to settle at Rs464,762.
January 3, 2026: Gold fell by Rs4,700 per tola to Rs455,562.
January 2, 2026: Gold increased by Rs5,700 per tola to Rs460,262.
January 1, 2026: Gold declined by Rs2,400 per tola to Rs454,562.
