International bullion market gains and US-Iran peace talks support recovery in local gold prices
KARACHI: Gold prices in Pakistan rebounded sharply on Monday, June 22, 2026, with the price of 24-karat gold increasing by Rs4,643 per tola, driven by a strong recovery in international bullion markets amid continued developments surrounding US-Iran peace negotiations.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold climbed to Rs442,636 per tola from Rs437,993 recorded in the previous trading session.
The recovery follows several days of volatility in the bullion market, as investors worldwide reassessed geopolitical risks and their potential impact on global financial markets.
Local Gold Prices Move Higher
The latest increase also lifted the price of 24-karat gold per 10 grams by Rs4,179 to Rs378,345, compared with Rs374,166 previously.
Market participants said the rise in local gold prices largely mirrored gains in international markets, where bullion attracted renewed investor interest following recent fluctuations.
The upward movement provided some relief to traders after a period of sharp declines witnessed in recent sessions.
International Gold Market Recovers
In the global market, gold prices advanced by $46.43 per ounce to reach $4,202, reflecting stronger demand for the precious metal.
Bullion dealers said investors continued to monitor negotiations between the United States and Iran, with geopolitical developments remaining a key factor influencing sentiment across commodity markets.
The rise in international gold prices helped support local rates despite broader uncertainty in global markets.
Geopolitical Developments Influence Demand
Analysts noted that gold remains highly sensitive to geopolitical developments and changes in investor risk appetite.
The ongoing discussions surrounding a potential US-Iran agreement have created uncertainty in financial markets, prompting investors to adjust their positions across various asset classes.
As a traditional safe-haven asset, gold often attracts demand during periods of geopolitical uncertainty and economic volatility.
Outlook for Gold Prices
Market experts expect gold prices in Pakistan to remain closely linked to international bullion trends, geopolitical developments, inflation expectations and central bank policy decisions.
With international prices showing renewed strength, analysts believe volatility may continue in the short term as investors react to fresh economic indicators and developments in global diplomacy.
For now, the recovery in international bullion prices has helped lift gold prices in Pakistan, reversing part of the losses recorded in recent trading sessions.
