January 16, 2026
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Published by Aeyan Raza
December 29, 2025
KARACHI: Gold prices in Pakistan saw a steep fall on Monday, ending the recent upward rally that had pushed rates to historic levels. According to the All Pakistan Gems and Jewellers Association (APGJA), the price of gold dropped by Rs5,500 per tola across the country.
After the decline, the price of 24-karat gold per tola settled at Rs470,162, while the price of 10 grams fell by Rs4,715 to Rs403,088. The sudden drop caught many buyers and traders by surprise, especially after gold had recently touched record highs in local markets.
The local decline followed a similar trend in the international bullion market. On December 23, global gold prices slipped by $55 per ounce, bringing the rate down to $4,478 per ounce. Market analysts say Pakistan’s gold prices usually mirror global movements, which explains the sharp correction.
Earlier this month, gold prices had surged both locally and internationally due to economic uncertainty and strong investor demand. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), gold had previously jumped by Rs8,500 per tola, reaching Rs470,862, while international prices climbed by $85 per ounce.
Unlike gold, silver prices remained unchanged, with the per tola rate holding steady at Rs7,205. This stability suggests that market volatility is currently more focused on gold rather than other precious metals.
Experts believe the gold market may remain unstable in the coming days. Fluctuations in global interest rates, currency movements, and investor sentiment are likely to keep prices unpredictable. Buyers and traders are advised to stay cautious and closely watch international trends before making decisions.
Gold continues to be seen as a safe investment and a key part of the jewellery market. However, its price is heavily influenced by global economic conditions, making sudden rises and falls a regular feature.
