Gold Falls Sharply as Global Market Slides | Latest Rates & Analysis
Gold prices in Pakistan witnessed a notable decline on Tuesday, 3 February 2026, following a sharp drop in the international bullion market. The sudden correction comes after gold touched record highs in recent weeks, prompting investors to book profits amid changing global conditions.
Despite today’s fall, gold continues to be viewed as a long-term store of value, especially in times of inflation, currency depreciation, and geopolitical uncertainty.
Gold Rates in Pakistan Today (03 February 2026)
| Gold Type | Price |
|---|---|
| Gold per Tola | Rs 490,362 |
| Gold per 10 Grams | Rs 430,406 |
🔻 Gold prices dropped sharply in the previous session, with per tola rates falling by Rs 21,500, while 10-gram gold declined by Rs 18,433.
Silver Prices in Pakistan Today
Silver prices also followed a downward trend in the local market.
| Silver Type | Price |
|---|---|
| Silver per Tola | Rs 8,405 |
| Silver per 10 Grams | Rs 7,205 |
Silver lost Rs 601 per tola, while 10-gram silver fell by Rs 516 compared to the previous trading session.
International Gold Prices Today
In the global market, gold prices declined significantly due to reduced safe-haven demand.
| Market | Price |
|---|---|
| Gold per Ounce (International) | $4,676 |
Gold dropped by $215 per ounce, reflecting a wave of profit-taking after prices reached historic highs.
Why Are Gold Prices Falling?
Market analysts point to multiple factors behind the recent decline:
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Profit-taking by investors after record-breaking highs
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Changing interest rate expectations in major economies
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Short-term reduction in safe-haven demand
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Stronger investor confidence in alternative assets
However, experts caution that gold prices remain highly sensitive to global political developments, and sudden shifts could reverse the current trend.
Geopolitical Tensions Still a Key Risk
Although prices have declined, uncertainty remains elevated due to ongoing geopolitical tensions, particularly in the Middle East.
Recent diplomatic pressure regarding nuclear negotiations, coupled with regional security concerns, continues to keep investors cautious. Any escalation could quickly push gold prices upward again, both globally and in Pakistan.
Is Gold Still a Safe Investment in 2026?
Yes — despite short-term volatility, gold remains a trusted hedge against inflation and economic uncertainty. Unlike stocks, real estate, or currencies, gold is not directly controlled by government policies and often retains value during financial stress.
Long-term investors are advised to:
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Track international price movements
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Monitor exchange rate fluctuations
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Avoid panic buying or selling
What to Expect Next?
Analysts expect continued volatility in gold prices over the coming days. Investors should stay updated with daily market movements before making buying or selling decisions.
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Disclaimer:
Gold prices may vary slightly across cities and markets. Always confirm rates with local dealers before trading.
This article is published for informational and educational purposes only. nise.org.pk is not an official government website and is not affiliated with any government department. Readers are advised to verify all information from official sources before taking any action.
