Gold prices in Pakistan crashed on Friday after a major drop in the international market, ending a strong rally that had pushed rates to record highs earlier this week.
The price of 24-karat gold dropped by Rs35,500 per tola to settle at Rs537,362. This marks the biggest single-day decline in recent weeks.
The fall came just a day after gold had surged for two consecutive sessions. In the previous trading session, gold prices jumped by Rs21,200 per tola, reaching an all-time high of Rs572,862. The price of 10-gram gold had also climbed sharply, gaining Rs18,175 to stand at Rs491,136.
On Friday, the price of 24-karat gold per 10 grams fell by Rs30,435 to Rs460,701. Meanwhile, 22-karat gold was quoted at Rs422,324 per 10 grams.
Silver prices also moved lower in the local market. The price of 24-karat silver dropped by Rs1,106 to Rs11,069 per tola, while 10-gram silver fell by Rs949 to Rs9,489.
In the global market, spot gold traded near $5,145 an ounce, down $291.3, or 5.36 percent, as investors booked profits after a historic rally.
Despite the latest drop, gold prices had risen by more than Rs115,000 during January 2026 in earlier sessions, reflecting strong investor interest amid global uncertainty.
Gold price in Pakistan throughout January 2026
January 29, 2026: Gold price increased Rs21,200 per tola to Rs572,862.
January 28, 2026: Gold price jumped Rs21,100 per tola to Rs551,662.
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 Rs4,300 to 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.
