Islamabad, Pakistan — February 2, 2026 (Legend News) – Gold prices in Pakistan have shown significant movements in recent sessions as both local bullion markets and international gold rates experience volatility. According to verified market sources, the gold price per tola and per 10 grams has declined sharply today, reflecting broader global trends and shifting investor sentiment. (The Express Tribune)
Gold continues to be one of the most closely watched commodities in Pakistan — affecting consumers, investors, and traders alike. With gold traditionally viewed as a safe-haven asset, daily price changes often make headlines and influence decision-making across financial and consumer sectors.
📉 Today’s Gold Prices in Pakistan – February 2, 2026
According to the latest market data:
Gold price per tola: approximately PKR 490,362, down by about PKR 21,500 compared to recent levels. (The Express Tribune)
Gold price per 10 grams: approximately PKR 420,406, reflecting a similar downward trend. (The Express Tribune)
The price slump aligns with a broader drop in international gold prices, which saw a significant correction of around $215 per ounce in global bullion markets. (The Express Tribune)
Market watchers emphasize that gold often mirrors global macroeconomic signals, including inflation expectations, currency fluctuations (especially the U.S. dollar), and geopolitical sentiment.
📉 Why Are Gold Prices Falling? Key Market Drivers
🌐 1. Global Price Trends
Gold prices have been sliding in international markets, which directly impacts local prices in Pakistan. The recent drop of over $200 an ounce contributed heavily to the decline in local rates. (The Express Tribune)
💹 2. International Economic Signals
Central bank policies, interest rate expectations, and currency strength can all influence gold demand:
A stronger U.S. dollar makes gold more expensive in other currencies.
Higher interest rates reduce the appeal of non-yielding assets like gold.
📉 3. Local Demand and Supply
Reduced demand from jewellery buyers and investors can also push prices downward in local sarafa markets. When consumer sentiment weakens, jewellers reduce premiums and selling prices. These local dynamics often contribute to price fluctuations.
🔎 Historical Context: Recent Gold Price Movements in Pakistan
Gold prices in Pakistan have shown wide swings over the past months:
📈 Historical Peaks
Prices reached historic highs multiple times in 2025 due to global and local demand. One notable surge saw per tola prices reach over PKR 440,000. (Aaj English TV)
📉 Earlier Corrections
Prior corrections saw gold prices pushed down after record rallies, showcasing the commodity’s volatility. These corrections followed broader dips in global markets. (ایکسپریس اردو)
The dynamic nature of gold rates — with rises and falls within short periods — highlights the importance of real-time price tracking for both buyers and sellers.
🏦 What This Means for Investors
💰 Safe-Haven Asset with Upside Potential
Gold is traditionally considered a hedge against inflation and economic uncertainty. Even when prices fall, long-term investors may view lower prices as an opportunity to buy at reduced cost.
📉 Short-Term Volatility
Traders looking to profit from short-term movements should closely observe global economic releases and currency trends to time their actions effectively.
📊 Diversification Strategy
Financial advisors often recommend including a portion of gold in diversified portfolios, particularly in economies with inflationary pressure or currency volatility.
🛒 Gold Jewellery & Physical Investment
Gold in Pakistan is not only an investment but also an essential part of cultural ceremonies, weddings, and gifting traditions.
✔ Jewellery Demand
While prices have softened recently, jewellery buyers may still face a significant premium over bullion prices due to making charges and hallmarks.
✔ Physical vs. Paper Gold
Physical gold (jewellery, coins) often trades at premiums over market bullion rates due to processing and retail margins.
Investors should compare bullion market rates with jeweller pricing before purchasing.
📅 Market Outlook: What Experts See Ahead
📈 Bullish Factors
Experts suggest that if inflation remains elevated or geopolitical risks rise, gold could resume an upward trajectory. Historically, gold has surged during periods of economic stress.
📉 Bearish Factors
If central banks signal continued rate hikes or deflationary trends emerge, gold may remain under pressure with further downward movements in price.
🧠 Tips for Gold Buyers in Pakistan
Here are some practical tips for consumers and investors:
📌 Monitor Daily Rates
Gold prices change daily — checking market exchanges and verified sources ensures accurate buying decisions.
📌 Understand Purity Standards
Gold purity affects price significantly. In Pakistan, 24-karat gold is the purest form and commands the highest price.
📌 Consider Timing
Buying gold during price dips can improve returns, while selling during peaks can maximize profits — but timing the market requires careful tracking.
📌 Watch Global Signals
International indexes, currency rates, and commodity markets influence local gold prices — staying informed about these trends can help predict future movements.
📈 SEO Keywords Covered in This Article
This article is optimized for search engine visibility with high-impact keywords such as:
gold price in Pakistan today
gold price Pakistan 2026
Pakistan gold rate per tola
live gold price Pakistan
investment gold Pakistan
international gold price impact Pakistan
gold market news Pakistan
📰 Conclusion
Today’s gold price update in Pakistan reflects a notable downward trend, influenced by international market corrections, economic signals, and changing investor sentiment. With the rate per tola dropping below PKR 500,000, buyers and investors are closely watching trends to time their decisions strategically. Whether you are seeking to invest, protect wealth, or purchase gold jewellery, staying updated with reliable daily pricing data remains essential.
Stay tuned to Legend News for real-time gold price updates, expert insights, and in-depth market analysis as global and local conditions continue to shape Pakistan’s gold market.