KARACHI: Gold prices in Pakistan witnessed a significant decline on Tuesday, April 7, 2026, following a downward trend in international markets.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola dropped by Rs3,000 to settle at Rs488,462, compared to the previous day’s closing of Rs491,462 in local bullion markets.
Similarly, the price of 24-karat gold per 10 grams decreased by Rs2,572, reaching Rs418,777 from Rs421,349. The decline reflects the direct impact of global price movements on domestic gold rates, which are closely linked to international trends and currency fluctuations.
Market experts attributed the fall in local gold prices to a notable drop in global bullion markets. Internationally, gold prices fell by $30 per ounce, closing at $4,657 compared to $4,687 a day earlier.
Analysts noted that ongoing geopolitical tensions, particularly in the Middle East, along with global trade uncertainties, have contributed to increased volatility in gold markets. While gold is traditionally considered a safe-haven asset, short-term fluctuations are being driven by shifting investor sentiment and macroeconomic developments.
Despite the recent decline, experts believe gold may continue to experience price swings in the coming days due to uncertainty in global financial markets. Movements in the US dollar, interest rate expectations, and geopolitical developments remain key factors influencing bullion prices.
Investors in Pakistan are closely monitoring these trends, as gold remains a popular investment and hedge against inflation.
Disclaimer: Gold prices are subject to market fluctuations and may vary across different cities and dealers.