Karachi, April 18, 2026 – Gold prices in Pakistan rose sharply on Saturday, tracking gains in international markets as signs of easing tensions in the Middle East lifted investor sentiment.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold increased by Rs4,500 per tola to Rs506,062, up from Rs501,562 a day earlier in the local bullion market.
Similarly, the price of 24-karat gold per 10 grams rose by Rs3,858 to Rs433,866, compared with Rs430,008 in the previous session.
Bullion dealers said the rally was largely driven by developments on the geopolitical front, particularly indications of potential peace talks between the United States and Iran following the reopening of the Strait of Hormuz.
International gold prices also advanced, rising by $45 to $4,837 per ounce, up from $4,792 in the previous session, reflecting renewed demand for the safe-haven asset.
Analysts said that while easing tensions might typically reduce safe-haven demand, the current environment of uncertainty and shifting expectations around global markets continued to support gold prices.
They added that investors remained cautious, closely monitoring developments in the Middle East and their implications for energy markets, inflation and global economic stability.
Gold prices in Pakistan, which had previously reached a record high of Rs572,862 per tola in January 2026, have remained volatile in recent months due to fluctuations in international prices and exchange rate movements.
Market participants said future price trends would depend on the pace of diplomatic progress in the region and broader global economic conditions, including interest rate expectations and currency stability.