Gold prices fall in Pakistan as global bullion retreats

KARACHI: Gold prices in Pakistan fell sharply on Monday in line with declines in international markets, as easing global demand and profit-taking weighed on bullion.

In the local market, the price of gold per tola dropped by Rs3,200 to Rs523,762 , while the price for 10 grams fell by Rs2,743 to Rs449,041 , according to local bullion traders.

The decline followed losses in the international bullion market, where spot gold fell by $32 per ounce to $5,010. Analysts attributed the downward trend to a pause in gold and silver buying activity by countries including China and Russia, as well as profit-taking by global market players.

Silver prices also tracked the global slide. In Pakistan’s local market, silver per tola fell by Rs55 to Rs8,164 , while the price for 10 grams declined by Rs47 to Rs6,999 . Internationally, silver eased by 55 cents per ounce to $76.80.

Meanwhile, the State Bank of Pakistan said in its latest data that the country’s gold reserves rose to 64.76 tonnes, valued at $10.374 billion.

The central bank’s figures showed that the value of Pakistan’s gold reserves increased by $1.279 billion in January 2026 alone. During the first seven months of the current fiscal year, the value of gold reserves rose by $3.5 billion. In June 2025, the country’s gold reserves were valued at $6.84 billion.