KARACHI, May 5, 2026 – Pakistan gold prices declined for the third consecutive session on Tuesday, tracking weakness in international markets amid rising geopolitical tensions.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola fell by Rs2,100 to close at Rs477,862, down from the previous day’s Rs479,962 in the domestic bullion market.
Decline in Local Gold Rates
Similarly, the price of 24-karat gold per 10 grams decreased by Rs1,801, settling at Rs409,489 in local markets.
Market participants noted that gold prices had previously seen an uptick on April 30, but the recent trend has reversed amid global uncertainty.
Impact of Global Market Trends
Bullion experts attributed the decline to falling international gold prices and volatility in global financial markets.
They said that escalating tensions around the Strait of Hormuz have contributed to instability in commodity markets, influencing gold price movements.
International Gold Prices
In the international market, gold prices dropped by $21 per ounce to settle at $4,555, compared with the previous closing of $4,576.
Analysts said that fluctuations in global demand and investor sentiment continue to drive price movements, with geopolitical developments playing a key role.
Market Outlook
Experts suggest that gold prices may remain volatile in the near term as global tensions persist and investors reassess safe-haven demand.
Any further escalation in geopolitical risks or shifts in international markets could impact local bullion rates in the coming sessions.