KARACHI: Gold prices in Pakistan declined on Thursday, January 8, 2026, following a drop in international bullion markets, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The price of 24-karat gold per tola fell by Rs600 to Rs466,162, while 10 grams of 24-karat gold dropped by Rs515 to Rs399,658. Ten grams of 22-karat gold also decreased by Rs472 to Rs366,366.
Read More: Gold prices fall by Rs 600 per tola
Silver prices also fell, with the price of 24-karat silver per tola declining by Rs236 to Rs8,125, and 10 grams of silver dropping by Rs203 to Rs6,965. Globally, gold slipped by $6 to $4,438 per ounce, while silver decreased by $2.36 to $76.50 per ounce, the association reported.
Market analysts note that despite short-term fluctuations, gold remains a preferred safe-haven asset due to its intrinsic value, limited supply, and independence from monetary policy. Gold’s finite nature makes it a powerful hedge against inflation and currency devaluation, retaining value even when the purchasing power of paper money declines.
Additionally, gold has historically performed well during geopolitical instability, as investors shift from riskier assets like stocks and speculative currencies to the stability of bullion. This “flight to safety” supports gold prices, reinforcing its role as a symbol of financial security across borders and eras.
Read More: Gold loses shine: Rs600 drop per tola
Analysts say that while daily price movements may vary, the long-term outlook for gold remains positive, driven by global economic uncertainty and sustained demand from investors seeking a reliable store of value.