Gold prices in Pakistan recorded a sharp decline on Monday, with the price of 24-karat gold falling by Rs5,300 per tola amid volatility in global markets linked to uncertain Iran-US peace talks.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola declined to Rs488,362 from the previous closing of Rs493,662 in local bullion markets.
Despite the latest decline, gold prices remain highly volatile after touching a record high of Rs572,862 per tola on January 26, 2026.
Gold prices per 10 grams also decline
The price of 24-karat gold per 10 grams also witnessed a significant decrease.
According to market data, gold prices per 10 grams fell by Rs4,544 to close at Rs418,691 compared with the previous level of Rs423,235.
Bullion dealers said the local market closely followed trends in international gold prices.
International gold market under pressure
Market experts attributed the fall in Pakistan’s gold prices to weakness in international bullion markets.
Analysts said uncertainty surrounding ongoing peace talks between Iran and the United States created volatility across global commodity and financial markets.
In the international market, gold prices declined by $53 per ounce.
The precious metal settled at $4,660 per ounce compared with the previous closing of $4,713 per ounce.
Market remains volatile
Experts noted that geopolitical developments and uncertainty in international markets continue to influence gold trading worldwide.
They added that investors are closely monitoring developments related to Middle East tensions, global inflation trends and monetary policy expectations, which are affecting demand for safe-haven assets such as gold.