Gold prices drop sharply in Pakistan on first day of 2026

Gold prices recorded a significant decline in the local market on the first day of 2026, in line with a downturn in international bullion rates, traders said on Wednesday.

According to market sources, the price of gold per tola dropped by Rs2,400 during the fourth business day of the week, bringing the new rate down to Rs454,562. Similarly, the price of 10 grams of gold fell by Rs2,058 to Rs389,713.

The decline comes amid a decrease in global gold prices. In the international market, gold lost $24 per ounce, settling at $4,322 per ounce.

At the close of 2025, gold was priced at Rs456,962 per tola in the domestic market. In comparison, the price of gold at the end of 2024 stood at Rs272,600 per tola.

Market data shows that despite the latest decline, gold recorded a substantial annual increase in 2025. Overall, the price of gold rose by Rs184,362 per tola over the course of the year.

Analysts attribute fluctuations in gold prices to movements in the global bullion market, changes in investor sentiment, and international economic trends.