Gold Prices See Sharpest Single-Day Decline in Pakistan on January 30, 2026

Gold and silver prices declined sharply across Pakistan on Friday, January 30, following a steep fall in the international bullion market, according to the All Pakistan Sarafa Gems and Jewellers Association. The price of 24-karat gold per tola dropped by Rs35,500 to Rs537,362, marking one of the most significant single-day declines recorded in recent months.

The price of 10 grams of 24-karat gold also fell substantially by Rs30,435 to Rs460,701, while 10 grams of 22-karat gold declined by Rs27,900 to Rs422,324. The association reported that silver prices mirrored the downward trend, with 24-karat silver per tola falling by Rs1,106 to Rs11,069 and 10 grams of silver decreasing by Rs949 to Rs9,489.

In the global market, gold prices dropped by $355 to $5,150 per ounce, while silver declined by $11.06 to $105.94 per ounce, reflecting pressure across international precious metals markets.

Despite the sharp correction, analysts maintained a positive long-term outlook for gold, citing ongoing global economic uncertainty and sustained demand for safe-haven assets. Experts noted that gold’s limited supply, intrinsic value, and independence from central bank and government policies continue to make it a reliable hedge against inflation, currency depreciation, and economic instability.

Market analysts further explained that rising geopolitical tensions, including conflicts, trade disputes, and financial market volatility, often prompt investors to move away from higher-risk assets such as equities and speculative instruments toward bullion. This shift helps support gold prices even during periods of market stress.

Gold continues to hold its status as a symbol of wealth and financial security, valued not only for its ornamental use but also for its historical role as a store of value. In recent years, its appeal as a safe-haven investment has strengthened as institutional and retail investors seek stability amid persistent global economic and political uncertainty.