Emerging
Jun 23, 2026 Major4
100%
Gold Prices in Pakistan Plunge Rs10,400 per Tola as Global Markets Slide
Gold prices in Pakistan fell by Rs10,400 per tola to Rs432,236 on June 23, 2026, in line with a global downturn that saw international gold drop $104 to $4,098 per ounce. A stronger U.S. dollar and easing geopolitical tensions, including U.S.-Iran peace talks, reduced safe-haven demand. Silver prices also fell both locally and internationally.

Quick Facts
Who
All Pakistan Sarafa Gems and Jewellers Association
What
Gold prices declined Rs10,400 per tola
When
Tuesday, June 23, 2026
Where
Pakistan
- Gold prices declined Rs10,400 per tola
- International gold fell $104 per ounce to $4,098
- Silver prices decreased Rs487 per tola
- 10-gram gold fell Rs9,360 to Rs368,985
- 22-karat gold dropped Rs8,508 to Rs338,575 per 10 grams
Gold prices in Pakistan experienced a significant decline on Tuesday, June 23, 2026, mirroring a sharp downturn in international markets. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola dropped by Rs10,400 to settle at Rs432,236, down from the previous day's closing of Rs442,636. The price of 10 grams of 24-karat gold also fell by Rs9,360 to Rs368,985, while 10 grams of 22-karat gold decreased by Rs8,508 to Rs338,575.
The domestic slump tracked a steep fall in global bullion markets. Internationally, the price of gold declined by $104 per ounce to $4,098, compared to $4,202 in the previous session. A strengthening U.S. dollar and reduced demand for safe-haven assets were cited as key factors weighing on gold prices. Easing geopolitical tensions, including preliminary peace negotiations between the United States and Iran, further dampened the metal's appeal, according to market analysts.
Silver prices also registered notable losses in both local and international markets. Domestically, the price of silver per tola dropped by Rs487 to Rs6,664, while 10 grams of silver fell by Rs438 to Rs5,641. On the global stage, silver declined by $4.861 to $61.853 per ounce. The coordinated drop in precious metals reflects a broader shift in investor sentiment toward riskier assets amid a stronger dollar and improved geopolitical outlook.
The latest decline adds to recent volatility in precious metals markets. On the preceding Friday, gold prices in Pakistan had already fallen by Rs14,900 per tola to Rs438,036, following a global drop of $149 per ounce. Over the past month, gold in Pakistan has lost Rs40,926 per tola, though it has gained Rs82,036 on a fiscal year-to-date basis.
Why This Matters
The sharp drop in gold prices in Pakistan reflects global trends that directly impact investors and consumers. For local buyers, this is a rare opportunity to purchase gold at lower prices, especially given recent volatility. For those holding gold, the decline may signal further downside risk if the dollar continues to strengthen and geopolitical tensions ease further. Investors should consider rebalancing portfolios and monitoring the US-Iran peace talks as a key driver. Businesses in the jewellery sector can expect increased demand as prices fall.
Timeline & Sources
Jun 19, 2026
WireGold prices in Pakistan fell Rs14,900 per tola to Rs438,036; international gold dropped $149 per ounce.
Jun 20, 2026
WireGold price in Pakistan fell Rs14,900 per tola to Rs438,036; international gold dropped $149 to $4,156 per ounce
Jun 22, 2026
WireGold closed at Rs442,636 per tola in Pakistan, up Rs4,643 from previous session.
Jun 23, 2026
WireGold prices in Pakistan fall Rs10,400 per tola; international gold drops $104 per ounce.
Entities
Sources
- Gold price per tola drops by Rs10,400 in PakistanBusiness RecorderMediaJun 23, 2026
- Gold prices decline by Rs10,400 per tolaThe Express TribuneMediaJun 23, 2026
- Gold price in Pakistan falls Rs10,400 per tolaMettis GlobalMediaJun 23, 2026
- Gold prices decline by Rs 10,400 per tolaThe Nation (Pakistan )MediaJun 23, 2026