KARACHI, April 17, 2026 — Gold prices in Pakistan declined sharply on Friday, tracking losses in international markets, according to data released by the All Pakistan Sarafa Gems and Jewelers Association.
The price of 24-karat gold fell by Rs3,300 per tola to Rs501,562, down from Rs504,862 in the previous session. Despite the drop, prices remain below the all-time high of Rs572,862 per tola recorded on January 29, 2026.
Similarly, the price of 24-karat gold per 10 grams decreased by Rs2,829 to Rs430,008, compared with Rs432,837 a day earlier.
Bullion market dealers attributed the decline to a downward trend in global gold prices, as investors adjusted positions amid ongoing geopolitical uncertainty and fluctuating economic signals.
In international markets, gold prices dropped by $33 to $4,792 per ounce, down from $4,825 in the previous session, reflecting volatility driven by shifting investor sentiment and macroeconomic developments.
Analysts said that global factors, including geopolitical tensions and trade uncertainties, continue to influence gold prices, often prompting short-term fluctuations.
Gold is widely regarded as a safe-haven asset during periods of economic and political instability, but price movements can vary depending on changes in interest rates, currency strength and investor demand.
In Pakistan, domestic gold prices largely mirror international trends, while also being influenced by exchange rate movements and local market dynamics.
Traders said the recent decline may provide some relief to buyers, though volatility is expected to persist in the near term as global markets remain uncertain.