Karachi, April 28, 2026 – Gold prices in Pakistan plunged sharply on Tuesday, falling by Rs8,900 per tola in line with declining international trends, according to data released by the All Pakistan Sarafa Gems and Jewelers Association.
The price of 24-karat gold per tola dropped to Rs485,062, down from the previous day’s Rs493,962 in local bullion markets. Similarly, the price of 24-karat gold per 10 grams fell by Rs7,630 to Rs415,862, compared with Rs423,962 a day earlier.
Despite the sharp decline, gold remains significantly below its all-time high of Rs572,862 per tola recorded on January 29, 2026, reflecting ongoing volatility in both domestic and global markets.
Bullion traders in Karachi attributed the latest drop to easing prices in international markets, where gold has been under pressure amid shifting geopolitical dynamics and global trade uncertainties. Analysts said investors are recalibrating positions as risk sentiment fluctuates, impacting demand for safe-haven assets like gold.
In the global market, gold prices declined by $89 per ounce, settling at $4,627 compared to the previous close of $4,716. The downturn in international prices has directly influenced domestic rates, as Pakistan relies heavily on global benchmarks for gold valuation.
Market participants noted that currency stability and import-related factors also play a role in shaping local gold prices. With continued uncertainty in global markets, analysts expect gold prices to remain volatile in the near term, with movements closely tied to international economic indicators and geopolitical developments.