KARACHI, April 23, 2026 – Gold prices in Pakistan fell for the fourth consecutive day on Thursday, tracking declines in international markets as investors reacted to shifting global economic signals and geopolitical uncertainty.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola dropped by Rs5,200 to Rs493,762, down from the previous day’s closing of Rs498,962 in local bullion markets. The latest decline continues a downward trend that began after prices last rose on April 18.
Similarly, the price of 24-karat gold per 10 grams decreased by Rs4,458 to Rs423,321, compared with Rs427,779 a day earlier.
Market analysts said the sustained fall in domestic gold rates reflects weakness in global bullion prices, as well as broader macroeconomic pressures. Internationally, gold prices declined by $52 per ounce to settle at $4,714, down from $4,766 in the previous session.
Experts attributed the downward momentum to a combination of factors, including rising oil prices and ongoing geopolitical tensions, which are contributing to inflationary concerns and influencing investor sentiment across commodity markets.
Despite the recent pullback, gold prices in Pakistan remain below their historic peak of Rs572,862 per tola, recorded on January 29, 2026.
Traders said volatility is likely to persist in the near term, as global developments—particularly energy price movements and geopolitical risks—continue to shape trends in the precious metals market.
Investors typically view gold as a hedge against inflation and uncertainty, but recent fluctuations suggest a cautious outlook as markets adjust to evolving global conditions.