Karachi, April 2, 2026 – Gold prices in Pakistan recorded a sharp decline on Thursday, breaking a four-day upward streak as global bullion markets turned bearish. According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola fell by Rs7,100 to close at Rs486,962, down from the previous day’s Rs494,062.
This marks the first major correction after consecutive gains earlier in the week. Despite the drop, gold prices remain below their all-time high of Rs572,862 per tola recorded on January 29, 2026.
Similarly, the price of 24-karat gold per 10 grams declined by Rs6,087 to settle at Rs417,491, compared to Rs423,578 a day earlier. The downward trend reflects shifting investor sentiment amid global economic uncertainty.
Bullion market analysts attributed the decline to falling international prices, which dropped significantly due to geopolitical developments. In the global market, gold prices fell by $71 per ounce, closing at $4,642 compared to $4,713 in the previous session.
Experts noted that recent remarks by Donald Trump regarding the continuation of the Iran conflict triggered volatility across financial and commodity markets, prompting investors to reassess positions in safe-haven assets like gold.
Market observers believe that continued geopolitical tensions and fluctuations in international markets may keep gold prices volatile in the coming days, with local rates closely tracking global trends and currency movements.