Gold prices in Pakistan showed clear signs of cooling on Saturday, January 31, after a week of sharp swings that pushed rates to record levels and then pulled them back just as quickly.
Gold prices in Pakistan today
The latest drop came a day after gold had already suffered a steep fall. On Saturday, the price of gold fell by Rs25,500 per tola to settle at Rs511,862, tracking losses in the international market. According to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association, 10-gram gold also moved lower, slipping by Rs21,862 to Rs438,839.
Silver price today
Silver prices also moved lower in the local market. On Saturday, silver fell by Rs2,063 per tola to close at Rs9,006, reflecting the broader weakness seen across precious metals.
Previous closing
This easing followed an even heavier correction on Friday, when gold prices had dropped by Rs35,500 per tola to Rs537,362. The back-to-back declines marked a sharp reversal from Thursday’s rally, when gold stunned the local market by jumping Rs21,200 in a single session to reach an all-time high of Rs572,862 per tola.
International market
The international market played a key role in the sudden turnaround. Gold prices fell by $255 to $4,895 per ounce, including a premium of $20.
The metal slipped below the $5,000 mark amid speculation that the US Federal Reserve could adopt a more hawkish stance under a potential new chair. Despite the late-month pullback, gold remained on course for its strongest monthly gain since 1999, supported by safe-haven demand during periods of global uncertainty.
Gold’s best monthly performance
January has been a turbulent month for gold buyers and investors in Pakistan. Prices started the year at Rs454,562 per tola on January 1 and climbed steadily, with several sharp jumps along the way. Mid-month fluctuations gave way to a powerful rally in the final week, when gold crossed Rs550,000 and then surged past Rs570,000 before the sudden correction set in.
Gold delivered its best performance in January. Despite the recent drop, gold still ends January far above where it began, highlighting strong underlying demand and heightened sensitivity to global economic signals.
Gold price in Pakistan throughout January 2026
| Date | Price movement | Change (Rs per tola) | Closing (Rs per tola) |
| January 31, 2026 | Decreased | 25,500 | 511,862 |
| January 30, 2026 | Decreased | 35,500 | 537,362 |
| January 29, 2026 | Increased | 21,200 | 572,862 |
| January 28, 2026 | Increased | 21,100 | 551,662 |
| January 27, 2026 | Decreased | 1,500 | 530,562 |
| January 26, 2026 | Increased | 10,900 | 532,062 |
| January 24, 2026 | Increased | 6,500 | 521,162 |
| January 23, 2026 | Increased | 9,100 | 514,662 |
| January 22, 2026 | Decreased | 800 | 505,562 |
| January 21, 2026 | Increased | 12,700 | 506,362 |
| January 20, 2026 | Increased | 4,300 | 493,662 |
| January 19, 2026 | Increased | 7,500 | 489,362 |
| January 17, 2026 | Decreased | 600 | 481,862 |
| January 16, 2026 | Unchanged | 0 | 482,462 |
| January 15, 2026 | Decreased | 3,700 | 482,462 |
| January 14, 2026 | Increased | 4,300 | 486,162 |
| January 13, 2026 | Increased | 900 | 481,862 |
| January 12, 2026 | Increased | 7,700 | 480,962 |
| January 10, 2026 | Increased | 3,700 | 473,262 |
| January 9, 2026 | Increased | 3,400 | 469,562 |
| January 8, 2026 | Decreased | 600 | 466,162 |
| January 7, 2026 | Decreased | 1,200 | 466,762 |
| January 6, 2026 | Increased | 3,200 | 467,962 |
| January 5, 2026 | Increased | 9,200 | 464,762 |
| January 3, 2026 | Decreased | 4,700 | 455,562 |
| January 2, 2026 | Increased | 5,700 | 460,262 |
| January 1, 2026 | Decreased | 2,400 | 454,562 |
