International bullion weakness drags local gold market lower
KARACHI, June 11, 2026 — Gold prices in Pakistan extended their losses on Thursday, with the precious metal falling by Rs9,720 per tola as a sharp decline in international bullion markets continued to weigh on domestic rates.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola declined to Rs432,716 from Rs442,436 a day earlier.
The latest drop follows a steep decline in the previous trading session, taking the cumulative two-day loss to Rs22,347 per tola. The correction comes after gold prices had climbed to a record high of Rs572,862 per tola on January 29, 2026.
Gold Prices in Pakistan – June 11, 2026
| Gold Category | Previous Price | Current Price | Change |
| 24-karat Gold (per tola) | Rs442,436 | Rs432,716 | -Rs9,720 |
| 24-karat Gold (per 10 grams) | Rs378,170 | Rs369,422 | -Rs8,748 |
| International Gold (per ounce) | $4,200 | $4,102.8 | -$97.20 |
International Market Weakness Pressures Local Prices
Bullion traders attributed the sharp decline in Pakistan gold prices to weakness in global markets, where precious metals came under selling pressure amid shifting investor sentiment.
International gold prices fell by $97.20 per ounce to $4,102.8 from $4,200 in the previous session. The downturn in global bullion markets was swiftly reflected in local prices, leading to one of the largest short-term corrections of the year.
Geopolitical Uncertainty Fuels Volatility
Market participants said ongoing geopolitical developments involving the United States and Iran have increased volatility across commodity markets.
Investors have been reassessing their positions in traditional safe-haven assets, including gold, as uncertainty surrounding global economic and political conditions continues to influence market behaviour.
Outlook Remains Uncertain
Despite the recent correction, analysts said gold remains a key safe-haven asset closely monitored by investors worldwide.
Future price movements are expected to depend on developments in international bullion markets, geopolitical tensions, inflation trends, and central bank policy decisions.
For now, Pakistan’s bullion market remains under pressure, with gold prices recording a cumulative decline of more than Rs22,000 per tola in just two trading sessions.
