Karachi, April 24, 2026 – Pakistan gold prices continued their downward trajectory on Friday, falling by Rs2,900 per tola and extending the losing streak to a fifth consecutive day.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola settled at Rs490,862 compared to the previous day’s closing of Rs493,762 in local bullion markets.
The precious metal last recorded an increase on April 18, 2026, while it had previously reached an all-time high of Rs572,862 per tola on January 29, 2026.
Similarly, the price of 24-karat gold per 10 grams declined by Rs2,486, closing at Rs420,835 against the last session’s Rs423,321 in domestic trading.
Market analysts attributed the persistent decline in Pakistan’s gold rates to weakening global bullion trends and shifting investor sentiment.
They noted that ongoing developments related to Middle East tensions have kept international markets volatile, contributing to fluctuations in precious metal prices.
In the global market, gold also experienced a downward movement, losing $29 to settle at $4,685 per ounce compared to the previous close of $4,714.
Analysts added that profit-taking by investors and a stronger dollar index also played a role in pressuring international gold prices.
Despite short-term volatility, experts believe gold will continue to react to geopolitical developments and inflation expectations in the coming weeks.
Local jewelers reported reduced buying activity as consumers wait for further price corrections before making new purchases.
Economists say currency fluctuations, global interest rates, and geopolitical uncertainty will remain key drivers of gold prices in Pakistan. They advise investors and consumers to closely monitor international markets before making buying decisions as further volatility is expected in the short term.