KARACHI, April 21, 2026 — Gold prices in Pakistan edged lower on Tuesday, tracking a decline in international markets amid continued geopolitical tensions, particularly in the Middle East. According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold fell by Rs1,000 per tola to Rs500,162, compared with the previous close of Rs501,162 in local bullion markets.
Similarly, the price of 24-karat gold per 10 grams declined by Rs857 to Rs428,808, down from Rs429,665 a day earlier.
Despite the latest drop, gold prices remain elevated compared with historical levels. The precious metal had surged to an all-time high of Rs572,862 per tola on January 29, 2026, reflecting strong demand amid global economic uncertainty.
Market analysts said the easing in domestic prices largely mirrored movements in global bullion markets, where gold slipped by $10 per ounce to $4,778 from the previous session’s $4,788.
Experts attributed the recent volatility to ongoing geopolitical tensions, particularly in the Middle East, which have kept investors cautious and driven fluctuations in safe-haven demand.
“Gold prices are reacting to shifting risk sentiment in global markets,” a bullion dealer said, noting that geopolitical developments continue to influence short-term price movements.
While gold is traditionally viewed as a hedge against inflation and uncertainty, analysts said price trends could remain volatile in the near term due to evolving geopolitical risks and expectations around global monetary policy.
Traders added that local demand conditions, currency stability and import costs would also play a role in shaping gold price movements in Pakistan’s domestic market in the coming weeks.