Gold extends gains in local bullion markets as international prices rise amid improving global investor sentiment.
Gold prices in Pakistan increased by Rs1,300 per tola on May 30, 2026, tracking gains in international bullion markets as global sentiment improved following hopes of an extension in the ceasefire between the United States and Iran.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold rose to Rs476,162 per tola from the previous day’s closing level of Rs474,862 in local bullion markets.
Despite the latest increase, gold prices remain below the record high of Rs572,862 per tola reached on January 29, 2026, reflecting the volatility witnessed in the precious metals market during the year.
The price of 24-karat gold per 10 grams also increased by Rs1,115 to Rs408,232, compared with Rs407,117 recorded a day earlier.
Bullion market experts attributed the rise in domestic gold prices to higher international rates and improved investor confidence in global financial markets.
They said expectations of an extended ceasefire between the United States and Iran helped ease geopolitical concerns, influencing trading activity across commodity and financial markets.
In the international market, gold prices rose by $13 per ounce to settle at $4,538, compared with the previous session’s closing level of $4,525 per ounce.
Market analysts noted that international gold prices continue to be influenced by geopolitical developments, central bank policies, inflation expectations and investor demand for safe-haven assets.
The latest increase in global bullion prices was reflected in Pakistan’s local market, where gold rates typically move in line with international trends and fluctuations in the exchange rate.
