Gold prices slip in Pakistan as 24K falls to Rs. 530,562 per tola

Gold prices in Pakistan declined on Wednesday, January 28, 2026, with the rate of 24-karat gold falling by Rs. 1,500 to Rs. 530,562 per tola in the local market, according to official jewellers’ data. The decline follows recent highs earlier in the week and reflects short-term adjustments linked to international bullion trends and currency movements.

The drop affects consumers, jewellers, and investors across the country, as gold remains a key asset for jewellery purchases and a widely used hedge against inflation. Daily movements in gold prices are closely tracked in Pakistan due to their sensitivity to global markets and the rupee-dollar exchange rate.

Gold prices steady in Pakistan at Rs. 532,062 per tola after record high

According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of 22-karat gold also edged lower, settling at Rs. 486,473 per tola. In weight-based pricing, 24-karat gold was recorded at Rs. 454,871 per 10 grams and Rs. 45,487 per gram.

International benchmark and pricing mechanism

In the international market, gold was trading at around $5,292 per ounce. Domestic prices in Pakistan are calculated by converting the global dollar-denominated spot price into local currency and adding regional premiums related to transportation, insurance, and market supply.

As a result, even modest changes in the exchange rate or international bullion prices can lead to immediate adjustments in local gold rates. Market participants say the recent decline reflects a combination of global price consolidation and short-term currency stability.

Recent price movement

Price data from the past several sessions shows that gold touched levels above Rs. 532,000 per tola earlier this week before easing on Wednesday. Despite the latest dip, gold remains near historic highs in Pakistan, underlining persistent inflationary pressures and continued investor demand.

Analysts note that while short-term fluctuations are common, broader economic uncertainty at home and abroad continues to support elevated gold prices, keeping the precious metal central to household savings and investment strategies.