International bullion gains lift local gold market after recent declines

KARACHI: Gold prices in Pakistan rebounded on Saturday, July 18, 2026, with the price of 24-karat gold rising by Rs2,400 per tola, tracking gains in the international bullion market after recent losses.

According to the All Pakistan Gems and Jewellers Association (APGJA), the price of 24-karat gold settled at Rs424,236 per tola, compared with Rs421,836 in the previous trading session.

The price of 24-karat gold per 10 grams also increased by Rs2,057, reaching Rs363,713, up from Rs361,656 a day earlier.

International gold prices recover

The rebound in gold prices in Pakistan followed a recovery in the global bullion market.

In international trading, spot gold rose by $24 per ounce to $4,018, compared with $3,994 in the previous session.

The improvement in global bullion prices helped reverse part of the recent decline in Pakistan’s domestic gold market, where prices had come under pressure amid shifting investor sentiment and fluctuations in international markets.

Global trends continue to influence local prices

Gold prices in Pakistan are primarily determined by movements in international bullion prices, while changes in the rupee-dollar exchange rate also play an important role in setting domestic rates.

Market participants continue to monitor global economic data, central bank policy expectations and geopolitical developments, as these factors remain key drivers of international gold prices and investor demand for safe-haven assets.

Outlook

Analysts expect gold prices in Pakistan to remain volatile in the near term as international bullion markets react to evolving economic conditions and geopolitical risks. Any sustained recovery in global gold prices, combined with currency movements, is likely to influence the direction of local bullion rates in the coming trading sessions.