Karachi, April 8, 2026 – Gold prices in Pakistan witnessed a dramatic and unexpected surge on Wednesday, skyrocketing by Rs15,700 per tola in a single day following a ceasefire agreement between the United States and Iran. The sudden jump has sent ripples across local bullion markets, catching investors and traders off guard.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola surged to Rs504,162, up from the previous day’s closing rate of Rs488,462. Despite this sharp increase, the current rate remains below the all-time high of Rs572,862 per tola recorded on January 29, 2026.
Similarly, the price of 24-karat gold per 10 grams rose significantly by Rs13,460, closing at Rs432,237 compared to Rs418,777 a day earlier. The rapid rise reflects heightened volatility in both domestic and international bullion markets.
Market analysts attribute the surge to geopolitical developments, particularly the temporary ceasefire between the US and Iran, which has paused ongoing military tensions for two weeks. While ceasefires typically ease uncertainty, experts say the sudden shift in global sentiment has triggered a rush toward safe-haven assets like gold.
In the international market, gold prices also recorded a strong upward movement, climbing by $157 per ounce to settle at $4,814, compared to $4,657 in the previous session.
Traders believe the current trend may continue in the short term, as global investors reassess risks and economic stability in light of evolving geopolitical dynamics.