KARACHI: The price of gold continued to decline on Monday, marking the third consecutive day of drops in both local and international markets. Analysts say this trend reflects a shift in global bullion prices.
In the international market, the price of gold per ounce fell sharply by $215, reaching $4,676. The decrease in global prices directly impacted the local market, causing a noticeable reduction in domestic gold rates.
In Pakistan, the price of gold per tola dropped by Rs21,500, bringing it down to Rs490,362. Similarly, the cost per 10 grams fell by Rs18,433, settling at Rs420,406. Traders reported a lower demand amid the price fluctuations.
Silver prices also saw a dip alongside gold. The price per tola of silver declined by Rs601, reaching Rs8,504, while the rate per 10 grams dropped by Rs516, settling at Rs7,205. Market experts say both precious metals are following global trends.
The decline in gold prices comes after significant losses over the past week. On Saturday alone, the price per tola fell by Rs25,500 to Rs511,862. The 10-gram rate dropped by Rs21,862, reaching Rs438,839.
Traders believe that factors such as global economic uncertainty and fluctuations in the US dollar are contributing to the drop in gold prices. Investors are advised to monitor international markets closely before making purchases.
Jewellers in Karachi said the reduced gold rates have increased customer inquiries, but buying activity remains cautious until prices stabilize. Analysts predict that gold may continue to experience minor fluctuations in the coming days.
In other news read more about Currency Exchange Rates in Pakistan Today – 2 February 2026
Overall, the local market is witnessing a correction in gold and silver prices, reflecting global economic trends and investor sentiment. Buyers and sellers are keeping a close eye on developments in the international bullion market.
