The Gold price recorded one of its biggest drops on Saturday. The fall continued for the second straight day. Both local and international markets saw heavy losses. Investors and traders reacted to the sudden decline with caution.
In Pakistan, gold rates dropped sharply across all major categories. According to the All Pakistan Sarafa Gems and Jewellers Association, prices fell to new levels. The price of 24-karat gold per tola declined by Rs25,500. The new rate now stands at Rs511,862 per tola.
The decline was also seen in gram-based prices. The rate of 10 grams of 24-karat gold fell by Rs21,862. It closed at Rs438,839. Meanwhile, 10 grams of 22-karat gold dropped by Rs20,041. It is now sold at Rs402,283.
This marks one of the steepest two-day declines in recent times. Over the last two days, the Gold price per tola in Pakistan has dropped by Rs61,000. The sharp fall has surprised many in the bullion market.
The trend was not limited to Pakistan alone. International gold markets also saw strong selling pressure. In the global bullion market, gold prices fell by $255 per ounce. The new international rate settled at $4,895 per ounce. Over two days, global prices have declined by nearly $610.
Experts say the sudden drop has shaken investor confidence. The global gold market has reportedly lost billions of dollars. Market volatility and profit-taking are seen as major reasons behind the fall.
Silver prices in Pakistan also recorded a historic decline. The price of 24-karat silver per tola dropped by Rs2,063. It is now priced at Rs9,006. Similarly, 10 grams of silver fell by Rs1,768. The new rate stands at Rs7,721.
Jewellers say buying activity remains slow. Many buyers are waiting for stability before making purchases. Traders expect short-term uncertainty to continue.
In other news read more about Gold Prices in Pakistan Fall Sharply on January 30, 2026
The recent fall in the Gold price reflects broader global market pressure. Analysts advise investors to stay cautious. Further movements will depend on international economic signals and market sentiment.
