Bullion gains as renewed Middle East tensions drive investors back to safe-haven assets.

ISLAMABAD: Gold prices in Pakistan on July 9, 2026 rebounded by Rs3,600 per tola after three consecutive sessions of losses, as renewed geopolitical tensions in the Middle East boosted demand for safe-haven assets.

According to the All Pakistan Gems and Jewellers Association (APGJA), the price of 24-karat gold increased to Rs433,836 per tola, up from Rs430,236 in the previous trading session.

The price of 24-karat gold per 10 grams also rose by Rs3,086 to Rs371,944, compared with Rs368,858 a day earlier.

Three-Day Decline Ends

The recovery ended a three-day losing streak during which gold prices in Pakistan had fallen by a cumulative Rs9,600 per tola.

Despite Wednesday’s rebound, bullion prices remain Rs6,000 below their recent peak, indicating that the local market has yet to fully recover from last week’s sharp correction.

Middle East Tensions Support Bullion

The rebound came as investors returned to safe-haven assets following renewed uncertainty in the Middle East after the ceasefire between the United States and Iran collapsed, raising concerns over regional stability.

Analysts said heightened geopolitical risks typically increase demand for gold as investors seek protection from market volatility.

International Gold Prices Rise

In the international bullion market, spot gold climbed by $36 per ounce to $4,113, compared with $4,078 in the previous session.

The rise in global bullion prices was quickly reflected in the domestic market, as gold prices in Pakistan on July 9, 2026 continued to track international price movements alongside fluctuations in the rupee-dollar exchange rate.

Market participants said the near-term direction of gold prices will depend on developments in the Middle East, global economic data and expectations regarding major central banks’ monetary policy.