KARACHI, April 13, 2026 – Gold prices in Pakistan declined on Monday, tracking losses in international markets, as investor sentiment weakened following the collapse of talks between the United States and Iran aimed at ending tensions in the Middle East.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold fell by Rs1,600 per tola to close at Rs495,362, down from the previous session’s Rs496,962 in local bullion markets. Prices for 24-karat gold per 10 grams also dropped by Rs1,371 to Rs424,693, compared with Rs426,064 earlier.
Market participants said uncertainty intensified after diplomatic efforts between Washington and Tehran failed to produce a breakthrough during negotiations held in Islamabad. The breakdown in talks has renewed concerns over prolonged geopolitical instability in the region, dampening safe-haven demand in the short term while increasing volatility.
Analysts noted that global financial and commodity markets opened the week on a cautious note, reacting to heightened tensions and the absence of a clear path toward de-escalation. Earlier this year, a brief ceasefire had raised hopes for lasting peace, but the latest developments have reversed that optimism.
Gold, often considered a hedge against geopolitical risks and inflation, has witnessed sharp fluctuations in recent months. In Pakistan, prices had surged to a record high of Rs572,862 per tola on January 29, 2026, amid global uncertainty and currency pressures.
In the international market, gold prices fell by $16 per ounce to settle at $4,730, compared with $4,746 in the previous session, reflecting subdued investor appetite.