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Markets Print edition: 2026-01-31

Gold, silver nosedive

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KARACHI: Gold and silver prices nosedived from all-time highs on Friday, depicting a global market slump, traders said.

Local gold prices saw the largest single day fall of Rs35,500, slumping from record levels to Rs537,362 per tola and Rs30,435 to Rs460,701 per 10 grams, according to All Pakistan Sarafa Gems and Jewellers Association. Domestic silver prices also saw the global market’s sharp downtrend, receding from historic benchmark by Rs1,106 to trade at Rs11,069 per tola and Rs949 to Rs9,489 per 10 grams, the association added.

It is worth noting that the open market may trade gold and silver at different prices as compared to those officially fixed by the association.

Copyright Business Recorder, 2026

gold price Silver prices All Pakistan Sarafa Gems and Jewellers Association

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