The gold rates crash in Pakistan has become the biggest talking point today. On February 4, 2026, the gold price in Pakistan today recorded a massive single-day fall of Rs 21,500 per tola, bringing instant relief to buyers and wedding planners. Just a few days ago, gold prices were touching record highs and seemed unstoppable. Now, the sudden drop has changed the mood of the entire market. Many people are asking the same question: is this the right time to buy, or should they wait a bit more?
This sharp fall is being called one of the biggest corrections in recent months. Sarafa markets across Karachi, Lahore, Islamabad, and other cities opened with lower rates, and by noon, the decline was confirmed officially.
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Today Gold Rate in Pakistan – 24K & 22K Fresh Update
According to market sources, the drop came after a strong correction in the international bullion market. Global gold prices slipped sharply, and the local market followed the same direction. As a result, both investors and jewelry buyers are seeing prices far below last week’s levels.
Gold Rates Today in Pakistan (Feb 4, 2026)
| Gold Type | Price per Tola | Price per 10 Grams |
| 24K Gold | Rs 490,362 | Rs 420,406 |
| 22K Gold | Rs 449,500 | Rs 385,386 |
| 21K Gold | Rs 429,060 | Rs 367,855 |
| 18K Gold | Rs 367,770 | Rs 315,305 |
For buyers who were waiting for prices to cool down, this drop has opened a rare window. Jewelers also report increased footfall, especially from families preparing for upcoming weddings.
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Why Did Suddenly Gold Rates Crash in Pakistan ?
There is no single reason behind this gold rate crash. Several factors worked together. First, the international gold price dropped heavily due to profit-taking by global investors. Many traders who bought gold at lower levels decided to sell and lock their gains.
Second, the US dollar strengthened, which usually puts pressure on gold prices worldwide. Since gold is traded in dollars, a stronger dollar often means lower gold demand.
In Pakistan, the All Pakistan Sarafa Gems and Jewellers Association (APGJSA) confirmed that local rates were adjusted after the sharp fall in global markets. Even though inflation remains high locally, international trends still play a major role in setting gold prices.
City-Wise Gold Prices in Pakistan Today
Prices are mostly uniform across major cities, with only minor differences.
| City | 24K Gold (Per Tola) | 22K Gold (Per Tola) |
| Karachi | Rs 490,362 | Rs 449,500 |
| Lahore | Rs 490,362 | Rs 449,500 |
| Islamabad | Rs 490,500 | Rs 449,650 |
| Peshawar | Rs 490,400 | Rs 449,550 |
Small variations usually happen due to local shop costs, but the base rate remains the same nationwide.
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Is This the Right Time to Buy Gold or Should You Wait?
Experts have mixed opinions. Some say this drop was overdue because gold had become too expensive too fast. For long-term buyers, dips like this are often considered a good opportunity.
However, short-term traders should stay careful. In just three days, gold prices have dropped by tens of thousands of rupees, showing how unstable the market is right now.
For Pakistani households, gold is not just an investment. It is part of traditions, weddings, and savings. If you delayed buying jewelry due to high prices, this week may be worth considering.
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FAQs
Q: Why did gold prices fall by Rs 21,500 in one day?
The fall happened due to a sharp drop in international gold prices and strong profit-selling in global markets.
Q: Are gold rates the same in all cities of Pakistan?
Mostly yes. Karachi sets the base rate, and other cities follow it with slight differences.
Q: Can gold prices go down further after Feb 2, 2026?
It depends on global trends. If international prices remain under pressure, a further small drop is possible.
Q: What is the difference between 24K and 22K gold?
24K is pure gold used for investment, while 22K is stronger and commonly used for jewelry.
This article is for informational purposes only. SmartFixers.pk is not an official government website and is not affiliated with any government department. Readers are advised to verify all information from official government sources before taking any action.
Our editorial team publishes original and informational content for educational purposes only.
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