Gold prices in Pakistan continued their downward trend on 2 January 2026. Both local and international markets remained under pressure. Traders stayed cautious as the new year opened with uncertainty.
According to the All Pakistan Sarafa Gems and Jewellers Association, gold prices declined sharply during the latest trading session.
Latest Gold and Silver Prices
The price of 24-karat gold per tola dropped by Rs2,400. It settled at Rs454,562.
The 10-gram gold rate slipped by Rs2,058. It closed at Rs389,713.
Silver prices also moved lower in the domestic market.
| Metal | Unit | Price | Change |
|---|---|---|---|
| Gold | Per Tola | Rs454,562 | ↓ Rs2,400 |
| Gold | Per 10 Grams | Rs389,713 | ↓ Rs2,058 |
| Silver | Per Tola | Rs7,635 | ↓ Rs83 |
| Silver | Per 10 Grams | Rs6,545 | ↓ Rs71 |
These prices are followed across major cities including Karachi, Lahore, and Islamabad.
Global Bullion Market Update
International bullion markets also showed weakness. Gold prices dropped by USD 24. They settled near USD 4,322 per ounce.
Silver faced heavier pressure. It declined by USD 2.12, closing around USD 72.43 per ounce.
This global dip played a key role in shaping local prices.
Why Prices Are Falling
Several factors are influencing current trends:
- Strong US dollar movement
- Profit-taking by investors
- Reduced global demand
- Uncertainty around interest rates
These elements continue to affect gold rates in Pakistan today and nearby markets.
Impact on Local Buyers and Investors
Gold remains a trusted asset in Pakistan. People buy it for savings, weddings, and long-term security. Lower prices may attract fresh buyers. However, investors remain careful due to rapid price swings.
Market experts advise tracking daily updates before making large purchases. Open market rates may differ from official association prices. This gap can vary by city and dealer.
Despite short-term pressure, gold still holds long-term importance. Its role as a hedge against inflation remains strong. Monitoring gold rates in Pakistan today helps buyers make better decisions in volatile conditions.
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