The gold rate in Pakistan witnessed a sharp decline today, Monday, February 2, 2026, bringing relief to buyers after recent highs. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold prices dropped significantly across all major purity levels in the local market.
The decline follows fluctuations in the international bullion market and changing investor sentiment. This article provides today’s updated gold prices, including per tola, per 10 grams, and per gram rates.
Gold Price in Pakistan Today (2 February 2026)
The price of 24-karat gold per tola fell by Rs. 21,500, settling at Rs. 490,362.
Similarly, 10 grams of 24-karat gold declined by Rs. 18,433, bringing the new rate to Rs. 420,406.
Today’s Gold Rates in Pakistan (PKR)
| Gold Purity | Per Tola | Per 10 Grams | Per 1 Gram |
| 24-Karat | Rs. 490,362 | Rs. 420,406 | Rs. 42,041 |
| 22-Karat | Rs. 449,498* | Rs. 385,386 | Rs. 38,539 |
22-karat rates may vary slightly depending on city and jeweller.
WhatsApp ChannelWhy Did Gold Prices Fall Today?
Market analysts suggest that today’s decline in gold prices is mainly linked to:
- Weakness in international gold prices
- Reduced safe-haven demand
- Adjustments in the global bullion market
Local prices in Pakistan closely follow international trends, with adjustments based on currency movement and domestic demand.
What This Means for Buyers and Investors
The sharp drop in gold prices may encourage jewellery buyers, particularly ahead of upcoming wedding seasons. However, investors are advised to closely monitor global market developments before making large purchases, as gold prices remain sensitive to economic and geopolitical factors.
Market Outlook
Experts believe that gold prices may continue to remain volatile in the coming days. Any further movement will depend on global inflation data, interest rate expectations, and changes in international bullion markets.
Conclusion
Gold prices in Pakistan recorded a notable decline on February 2, 2026, with 24-karat gold per tola falling to Rs. 490,362. While the drop offers short-term relief for buyers, ongoing global market trends will determine the direction of gold prices in the days ahead.