Bullion recovers after volatile week as international gold prices rebound sharply
KARACHI: Gold prices in Pakistan recorded a weekly gain of Rs8,600 per tola during the week ending July 4, 2026, supported by a sharp rebound in international bullion prices and renewed buying interest in the domestic market.
According to the All Pakistan Gems and Jewellers Association (APGJA), the price of 24-karat gold increased to Rs439,836 per tola on July 4, 2026, from Rs431,236 per tola on June 27, 2026.
Weekly Gold Price Movement
| Category | June 27, 2026 | July 4, 2026 | Weekly Change |
| 24-karat Gold (per tola) | Rs431,236 | Rs439,836 | +Rs8,600 |
Volatile Week for Gold
Gold prices witnessed significant volatility during the week. The market initially came under pressure, with cumulative losses reaching Rs12,700 per tola over several trading sessions.
However, bullion staged a strong recovery during the final two trading days of the week, surging Rs21,300 per tola, more than offsetting the earlier decline and resulting in a net weekly gain of Rs8,600 per tola.
International Gold Supports Local Market
The recovery in Pakistan’s bullion market mirrored gains in international gold prices, where renewed demand for safe-haven assets and changing investor sentiment pushed bullion higher.
Local gold prices generally follow movements in global bullion markets, while fluctuations in the rupee-dollar exchange rate also influence domestic pricing.
Bullion dealers said the rebound in international prices provided strong support to Pakistan’s gold market despite heightened volatility throughout the week.
Outlook
Market analysts expect gold prices to remain sensitive to global economic developments, monetary policy expectations, geopolitical tensions and movements in the US dollar.
With international markets continuing to drive domestic bullion rates, traders will closely monitor global price trends to gauge the direction of gold prices in the coming week.