KARACHI, April 22, 2026 – Gold prices in Pakistan declined on Wednesday, hovering near Rs499,000 per tola, tracking a downward trend in international markets, data released by the All Pakistan Gems and Jewelers Association showed.
The price of 24-karat gold per tola fell by Rs1,200 to Rs498,962, compared with the previous day’s closing of Rs500,162 in local bullion markets. Despite the decline, prices remain significantly below the all-time high of Rs572,862 per tola recorded on January 29, 2026.
Similarly, the price of 24-karat gold per 10 grams dropped by Rs1,029 to Rs427,779, down from Rs428,808 a day earlier, reflecting continued volatility in domestic bullion trading.
Market analysts said the decline in local prices largely mirrored trends in global markets, where gold slipped amid fluctuating investor sentiment. International gold prices fell by $12 to settle at $4,766 per ounce, compared with the previous close of $4,778.
Bullion traders attributed the recent price movements to ongoing geopolitical tensions and uncertainty surrounding global trade, which have contributed to erratic shifts in safe-haven demand. While gold is traditionally viewed as a hedge against economic instability, short-term price corrections have emerged due to shifting market expectations and profit-taking by investors.
Experts noted that the Pakistani gold market remains highly sensitive to international price movements and currency fluctuations. The Pakistani rupee’s performance against the U.S. dollar also plays a key role in determining local bullion rates.
Traders expect gold prices to remain volatile in the near term, as global economic signals and geopolitical developments continue to influence investor behavior and market direction.