Precious metals retreat as weaker international bullion prices trigger one of the steepest daily declines in recent weeks
June 3, 2026 — Gold and silver prices fell sharply in Pakistan on Wednesday, tracking declines in international precious metals markets as investors reassessed safe-haven demand amid evolving economic and geopolitical conditions.
According to the All Pakistan Sarafa Gems and Jewellers Association, both gold and silver recorded significant losses in the domestic bullion market, reflecting weakness in global prices and subdued buying activity.
Updated Gold and Silver Rates
| Commodity | Price | Change |
| Gold (24-karat per tola) | Rs467,762 | – Rs8,600 |
| Gold (24-karat per 10 grams) | Rs401,030 | – Rs7,373 |
| Gold (22-karat per 10 grams) | Rs367,624 | – Rs6,759 |
| Gold (Global per ounce) | $4,454 | – $86 |
| Silver (24-karat per tola) | Rs7,894 | – Rs259 |
| Silver (24-karat per 10 grams) | Rs6,767 | – Rs222 |
| Silver (International per ounce) | $74.10 | – $2.59 |
Gold prices experienced one of the largest single-day declines in recent weeks, with the 24-karat per tola rate dropping by Rs8,600. Similarly, silver prices came under pressure, with the per tola rate declining by Rs259.
Market analysts said the correction followed a pullback in international bullion markets after a recent rally in precious metals. Investors reassessed risk sentiment amid changing expectations for global inflation, interest rates and geopolitical developments.
The decline in international gold prices, which fell by $86 per ounce, was quickly transmitted to Pakistan’s domestic market. Silver prices also followed the broader downward trend, losing $2.59 per ounce in global trading.
Traders reported weaker buying activity in local markets as consumers adopted a cautious stance amid heightened price volatility. Many buyers opted to delay purchases while monitoring further movements in precious metal prices.
