KARACHI, May 6, 2026 — Gold prices in Pakistan surged sharply on Wednesday, snapping a three-day losing streak, as gains in international markets lifted sentiment in the local bullion trade.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold rose by Rs11,100 per tola to Rs488,962, compared with the previous day’s closing of Rs477,862 in local markets.
Despite the strong recovery, gold prices remain significantly below their all-time high of Rs572,862 per tola recorded on January 29, 2026, highlighting the continued volatility in domestic bullion rates over recent months.
On a per 10 grams basis, 24-karat gold prices increased by Rs9,517 to Rs419,206, up from Rs409,206 a day earlier, reflecting the same upward trend seen in per tola rates.
Bullion market analysts said the rebound in gold prices in Pakistan was largely driven by a recovery in international markets, where investor sentiment improved on expectations of easing geopolitical tensions in the Middle East. They added that reduced risk premiums in global markets encouraged buying in commodities, including gold.
In the international market, gold prices climbed by $111 per ounce to $4,666, compared with the previous session’s close of $4,555, marking a notable single-day gain.
Experts noted that local gold prices are closely linked to global trends, as well as movements in the Pakistani rupee against the U.S. dollar. Any shifts in exchange rates or international demand can quickly influence domestic bullion prices, keeping the market highly responsive to external developments.