KARACHI, May 7, 2026 — Gold prices in Pakistan extended gains for a second consecutive session on Thursday, with the price of 24-karat gold climbing to Rs496,762 per tola amid rising international bullion rates and improving sentiment linked to hopes of easing tensions in the Middle East.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola increased by Rs7,800 from the previous day’s closing level of Rs488,962 in local bullion markets.
Similarly, the price of 24-karat gold per 10 grams rose by Rs6,687 to Rs425,893, compared with Wednesday’s closing price of Rs419,206.
Bullion market analysts said the domestic market followed gains in international gold prices, where investor sentiment improved on optimism surrounding a possible peace agreement involving Iran and the United States.
In global markets, gold prices increased by $78 per ounce to close at $4,744, up from the previous session’s $4,666 per ounce.
Experts said geopolitical developments continued to influence investor behavior, with traders closely monitoring diplomatic negotiations and broader economic uncertainty.
Despite recent volatility, analysts believe gold remains supported by safe-haven demand and expectations regarding global interest rates and inflation trends.
Pakistan’s gold market has witnessed sharp fluctuations in recent months, with prices previously touching record highs earlier this year before entering a correction phase.