Gold prices in Pakistan registered a significant decline on Tuesday, with the price of 24-karat gold per tola falling by Rs10,400 in the local bullion market.
According to data released by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold settled at Rs432,236 per tola after the latest decrease. Likewise, the price of 10 grams of 24-karat gold dropped by Rs9,360 to reach Rs368,985.
International Market Impact
The decline in local gold prices came in line with weakness in international bullion markets. Market analysts attributed the downward trend to changing global economic conditions, fluctuations in the US dollar, and easing geopolitical concerns, all of which have weighed on gold demand internationally.
Internationally, gold prices have remained under pressure as investors reassess interest rate expectations and monitor developments in global markets. A stronger US dollar has also reduced the appeal of the precious metal among investors.
Relief for Buyers
The sharp decline offers some relief to consumers and investors who were waiting for prices to ease after gold touched record highs in recent months. Jewelers expect increased market activity if prices remain at current levels or continue to soften in the coming days.
Despite the latest drop, gold prices remain significantly higher compared to levels seen a year ago, reflecting the metal’s continued status as a preferred safe-haven asset during periods of economic uncertainty.
Market Outlook
Experts suggest that future movements in gold prices will largely depend on international market trends, central bank policies, inflation data, and the performance of the US dollar. Investors are advised to closely monitor global developments before making major investment decisions.
Latest Gold Rates in Pakistan (June 23, 2026)
- Gold (24K) per tola: Rs432,236
- Gold (24K) per 10 grams: Rs368,985
- Change per tola: -Rs10,400
- Change per 10 grams: -Rs9,360
These rates were reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).
