The gold price in Pakistan saw its third consecutive drop on Wednesday, following global trends in the yellow metal trade.

The price of 24-karat gold per tola fell by a significant Rs2,500, bringing the new rate to Rs456,962 according to the All Pakistan Sarafa Gems and Jewellers Association.

Similarly, the price of 10 grams of 24-karat gold dropped by Rs2,143, settling at Rs391,771. The price of 10 grams of 22-karat gold also declined by Rs1,964 to be sold for Rs359,136.

Also Read: Gold rate in Pakistan sees massive drop: Dec 30, 2025

International gold prices

The downward movement was not limited to Pakistan. In the global bullion market, gold fell by $25, reaching $4,346 per ounce.

Silver prices in Pakistan

Silver prices also followed the same trend. The price of 24-karat silver per tola dropped by Rs212 to be sold for Rs7,718, while 10 grams of silver also saw a decline of Rs182 to be sold at Rs6,616.

Internationally, gold remained steady, but remained on track for its strongest annual gain in over four decades, while other precious metals fell sharply as investors booked profits after a strong, record-setting rally.

Spot gold was steady at $4,345.75 per ounce as of 0404 GMT after hitting a record high of $4,549.71 on Friday.

Also Read: Gold set for best year in nearly half a century

US gold futures for February delivery lost 0.5% to $4,365.0/oz.

Bullion has climbed 66% in 2025, marking its largest annual gain since 1979 when prices were driven higher by geopolitical factors, including the Iranian revolution.

Gold's rally has been driven by interest rate cuts and bets of further easing by the US Federal Reserve, geopolitical conflicts, robust demand from central banks and rising holdings in exchange-traded funds.

However, analysts said that recent declines in precious metals were linked to technical factors alongside thin trading.