KARACHI: Gold and silver prices witnessed a steep fall across Pakistan on Friday, January 30, 2026, following a sharp downturn in the global bullion market, data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed.
The price of 24-karat gold per tola dropped by a massive Rs35,500, settling at Rs537,362, marking the sharpest single-day decline in recent months. Likewise, the price of 10 grams of 24-karat gold decreased by Rs30,435 to Rs460,701, while 10 grams of 22-karat gold fell by Rs27,900 to Rs422,324.
Silver prices also moved sharply lower. The rate of 24-karat silver per tola declined by Rs1,106 to Rs11,069, whereas 10 grams of silver dropped by Rs949 to Rs9,489.
In the international market, gold prices fell by $355 to $5,150 per ounce, while silver declined by $11.06 to $105.94 per ounce, according to APSGJA figures.
Despite the sharp correction, analysts maintained that gold’s long-term outlook remains positive. They cited ongoing global economic uncertainty, inflationary pressures, and strong demand for safe-haven assets as key factors supporting bullion prices over time.
Market experts further noted that gold’s limited supply, intrinsic value, and insulation from government and central bank policies continue to make it a reliable hedge against currency depreciation, inflation, and financial instability. Rising geopolitical tensions, trade disputes, and market volatility often prompt investors to shift away from risk-heavy assets toward precious metals, helping sustain demand for gold even during downturns.
