KARACHI, April 16, 2026 — Gold prices in Pakistan continued their upward trend on Thursday, nearing the Rs505,000 per tola mark, driven by gains in international markets and shifting global sentiment.
According to data released by the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola rose by Rs1,400 to settle at Rs504,862, compared with the previous day’s closing of Rs503,462 in local bullion markets.
Similarly, the price of 24-karat gold per 10 grams increased by Rs1,200 to Rs432,837, up from Rs431,637 a day earlier.
Despite the recent gains, prices remain below the all-time high of Rs572,862 per tola recorded on January 29, 2026.
Bullion market analysts attributed the latest increase to upward momentum in global gold markets. Internationally, gold prices climbed by $14 per ounce to close at $4,825, compared with $4,811 in the previous session.
Experts said renewed optimism over possible peace talks between the United States and Iran has influenced global investor sentiment, boosting demand for safe-haven assets such as gold.
“Geopolitical developments continue to play a key role in determining gold prices, both globally and locally,” a bullion dealer said, adding that fluctuations in the Pakistani rupee against the dollar also impact domestic rates.
Market participants noted that gold remains an attractive hedge against inflation and economic uncertainty, particularly during periods of geopolitical tension.
Analysts expect prices to remain volatile in the near term, with global developments and currency movements likely to dictate trends in Pakistan’s bullion markets.