Pakistan sees major gold price drop amid global slide

KARACHI: Gold prices in Pakistan fell sharply on Tuesday, tracking a decline in international markets, data released by the All Pakistan Gems and Jewellers’ Association showed.

The price of gold per tola dropped by Rs9,000 to Rs514,762 in the domestic market, the association said.

Similarly, the price of 10 grams of gold decreased by Rs7,716 to Rs441,325.

In the international market, gold prices also recorded a significant fall. The price of gold per ounce declined by $130 to $4,879, down from $5,010 per ounce, according to market data.

News agencies reported that the current situation between the United States and Iran had weighed on bullion prices, contributing to the latest decline.

Gold prices in Pakistan are largely influenced by trends in the global market and fluctuations in the local currency.
Earlier, the State Bank of Pakistan (SBP) said that the value of Pakistan’s gold reserves has reached $10.374 billion, marking a significant increase over recent months.

The central bank reported that Pakistan holds 64.76 tons of gold, and its valuation surged by $1.279 billion in January 2026 alone. Over the first seven months of the current fiscal year, the reserves’ value has increased by $3.5 billion. By comparison, the country’s gold reserves were valued at $6.84 billion in June 2025, totaling 2.082 million ounces, or 5.552 million tolas.