Gold prices in Pakistan took a breather on the first trading day of the week, snapping a sharp rally that had pushed rates to record levels only a day earlier.
According to the All Pakistan Gems and Jewellers Association, the price of gold fell by Rs1,500 per tola to settle at Rs530,562. The drop came as a surprise for many buyers, especially as market talk in recent days pointed towards further gains.
The price of 24-karat gold per 10 grammes also moved lower, declining by Rs1,286 to Rs454,871. Meanwhile, 22-karat gold was recorded at Rs416,980 per 10 grammes.
Despite the pullback, jewellers say the dip may not last long. Global trends and local demand continue to support higher prices, suggesting the decline could be temporary rather than a change in direction.
Silver moves higher despite gold dip
While gold eased, silver moved in the opposite direction. The price of 24-karat silver rose by Rs212 per tola to Rs11,640. Silver per 10 grammes also increased by Rs182 to Rs9,979, offering some relief to traders after recent volatility.
It is worth noting that the local drop in gold prices came even as the metal remained near record levels in international markets.
Global gold prices stay near record highs
In the global market, gold rose on Tuesday as investors turned to safe-haven assets amid rising geopolitical and trade tensions. Spot gold climbed 1.6 percent to $5,092.70 per ounce by 0710 GMT, after touching a record high of $5,110.50 in the previous session.
US gold futures for February delivery edged up to $5,088.40 per ounce.
Market sentiment was shaped by fresh trade concerns after US President Donald Trump announced plans to raise tariffs on imports from South Korea, including automobiles, lumber and pharmaceutical products. He also repeated warnings of tariffs on Canada, following recent diplomatic developments involving China.
A volatile but strong January
Despite day-to-day swings, gold prices in Pakistan have posted a strong run since the start of January 2026. Rates have climbed by more than Rs75,000 per tola during the month, driven by global uncertainty and strong investor interest.
The latest dip may slow momentum in the short term, but the overall trend for January points to a market that remains firmly supported.
Gold price in Pakistan throughout January 2026
January 27, 2026: Gold price dropped Rs1,500 per tola to Rs530,562.
January 26, 2026: Gold price increased Rs10,900 per tola to Rs532,062.
January 24, 2026: Gold price gained Rs6,500 per tola to hit Rs521,162.
January 23, 2026: Gold price increased Rs9,100 to hit Rs514,662 per tola.
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.
