KARACHI: Gold and silver prices recorded another steep decline across Pakistan on Saturday, January 31, tracking a sharp downturn in international bullion markets, according to market data.
The price of 24-karat gold per tola fell by Rs25,500, settling at Rs511,862, marking one of the most significant single-day drops seen in recent months. Likewise, the price of 10 grams of 24-karat gold dropped by Rs21,862 to Rs438,839.
Silver prices also moved lower, with 24-karat silver per tola declining by Rs2,063 to Rs9,006.
In the global market, gold prices slid by $255 to $4,895 per ounce, contributing to the sharp correction in local rates.
Despite the recent downturn, analysts maintained that gold’s broader outlook remains positive due to ongoing global economic uncertainty and sustained demand for safe-haven assets.
Experts highlighted that gold’s inherent value, limited supply, and independence from central bank policies continue to make it a reliable hedge against inflation, currency weakness, and economic instability.
They further noted that geopolitical risks such as armed conflicts, trade tensions, and financial market volatility often drive investors away from riskier assets toward precious metals, helping support gold prices over the long term.
