Gold Prices Drop Sharply in Pakistan – Jan 30, 2026

ISLAMABAD – Pakistan’s gold and silver market saw significant declines on Friday, with 24-karat gold tola falling sharply by Rs 35,500. Traders across the country reported lower interbank rates, reflecting shifts in both local and international markets. Market analysts said fluctuations in global gold prices and changes in interbank exchange rates were the main reasons behind the drop. Investors and jewelers closely monitored the situation as prices continued to trend downward.

According to the All Pakistan Sarafa, Gems, and Jewellers Associations, the interbank gold rates for January 30, 2026, showed substantial decreases. Gold Tola (24K) dropped to Rs 537,362, down by Rs 35,500. Gold 10gm (24K) fell to Rs 460,701, down by Rs 30,435. Gold 10gm (22K) declined to Rs 422,324, down by Rs 27,900. Traders expressed concern over the continued volatility in the gold market.

International gold prices also reflected a downward trend, further influencing local rates. Global gold fell to $5,150 per ounce, down by $355. Analysts noted that global economic factors and currency exchange rates heavily impacted international prices. Consequently, the local market mirrored these trends, leading to widespread reductions across Pakistan. Gold investors adjusted their strategies to cope with falling values.

Read more : Petrol Prices Likely to Drop from February 1

Silver prices followed a similar pattern, recording significant declines in both local and international markets. Silver Tola (24K) dropped to Rs 11,069, down by Rs 1,106, while Silver 10gm (24K) fell to Rs 9,489, down by Rs 949. International silver slipped to $105.94, down by $11.06. Traders pointed to interbank rates and global market trends as the primary factors driving silver’s decline.

Experts said the decline in precious metals could continue if global market conditions remain unstable. They advised traders and investors to monitor both international trends and local exchange rates closely. Analysts emphasized cautious trading to prevent losses during volatile market conditions. Both gold and silver remain sensitive to global economic shifts, impacting local buyers and sellers.