KARACHI — Gold prices in Pakistan surged on Tuesday as the rate of 24-karat gold climbed by Rs 16,638 to Rs 507,000 per tola, according to verified bullion market data. The increase came a day after lower prices on February 2 and reflects firm trends in the international gold market.

On Monday, February 2, the price of 24-karat gold stood at Rs 490,362 per tola. The sharp day-on-day rise highlights continued volatility in global bullion markets, with direct implications for investors and jewellery buyers across Pakistan.

Gold price in Pakistan falls to Rs. 490,362 per tola on February 02, 2026

On February 3, the price of 22-karat gold rose to Rs 464,870 per tola, while 21-karat gold was recorded at Rs 443,739 per tola. Internationally, gold was trading near $4,905 per ounce, providing upward pressure on domestic prices, which generally follow global movements after currency adjustments.

Gold prices fluctuate due to a combination of factors, including changes in the US dollar, interest rate expectations, geopolitical developments, and investor demand for safe-haven assets. Because gold is traded globally in dollars, shifts in the dollar index often translate quickly into local price movements.

Interest rate expectations also play a key role. Higher rates can reduce demand for non-yielding assets like gold, while lower rates tend to support prices by lowering the opportunity cost of holding the metal.

As of Tuesday, February 3, 2026, gold prices in Pakistan remain closely tied to international market signals, with traders monitoring global developments for further direction.