KARACHI, April 26, 2026 — Gold prices in Pakistan recorded a sharp decline during the past week, falling by Rs12,900 per tola amid a downward trend in international markets, data released by the All Pakistan Sarafa Gems and Jewelers Association showed.
The price of 24-karat gold per tola dropped to Rs493,162 by April 25, compared with Rs506,062 a week earlier on April 18. The domestic bullion market witnessed losses in five consecutive trading sessions before a slight recovery on the final day of the week, dealers said.
Similarly, the price of 24-karat gold per 10 grams declined by Rs11,060 to Rs422,806, down from Rs433,866 in the previous week. The consistent drop reflects weakening global cues that filtered into local markets.
Bullion traders attributed the decline largely to falling international prices and heightened geopolitical uncertainty. Analysts noted that tensions linked to the US-Iran conflict contributed to volatility, prompting fluctuations in investor demand for safe-haven assets such as gold.
In the international market, gold prices fell by $129 per ounce over the week, closing at $4,708 compared with $4,837 a week earlier. The decline underscores shifting investor sentiment as markets react to global economic signals and geopolitical developments.
Despite gold traditionally being seen as a hedge against uncertainty, experts said short-term corrections are common during periods of heightened volatility. Market participants are expected to closely monitor international trends, currency movements, and geopolitical developments for future price direction.