Gold prices in Pakistan recorded another adjustment on Monday, February 2, 2026, reflecting continued volatility in the global bullion market. After sharp fluctuations over the past week, local rates moved lower as international prices softened.
Market participants say investors remain cautious amid changing global economic signals and profit-taking in precious metals.
📊 Today’s Gold Rate in Pakistan (24K)
According to bullion market data:
-
Gold per tola: Rs 525,000
-
10 grams gold: Rs 450,110
-
1 gram gold: Rs 45,011
These rates are largely uniform across major cities, including Karachi, Lahore, Islamabad, Rawalpindi, and Peshawar, with only minor local variations possible due to dealer margins.
🌍 International Gold & Silver Rates Today
In the global market, precious metals also traded lower:
-
Gold (per ounce): $4,687.33
-
Silver (per ounce): $79.20
Analysts say easing safe-haven demand and short-term profit booking contributed to today’s decline after last week’s extreme highs.
📉 Why Gold Prices Are Fluctuating So Sharply
Experts point to several key factors behind the ongoing volatility:
-
Rapid price swings in international bullion markets
-
Changing expectations around global interest rates
-
Strong dollar movements impacting commodity prices
-
Investors locking in profits after record highs
Despite the recent drop, gold remains historically expensive in Pakistan, keeping buyers cautious and sellers active.
🛍️ What This Means for Pakistani Buyers
Jewellers say short-term buyers may find some relief after last week’s record prices, but uncertainty remains high. Long-term investors are advised to watch global trends closely, as further fluctuations cannot be ruled out.
Traders expect the gold market to remain sensitive to international economic developments in the coming days.
🔎 Market Outlook
If global prices stabilize, local rates may also settle. However, any sudden geopolitical or economic shock could once again push gold prices sharply higher or lower.
For now, February 2026 is shaping up to be one of the most volatile months for gold in Pakistan’s history.
