All Pakistan Gems and Jewellers Association (APGJA) says price of one tola of 24-karat gold decreased to Rs437,436 after the latest reduction
KARACHI: (UrduPoint/Pakistan Point News-July 6th, 2026) Gold prices in Pakistan witnessed a significant decline on Monday, with the price of 24-karat gold falling by Rs2,400 per tola, reflecting the downward trend in international bullion markets.
All Pakistan Gems and Jewellers Association (APGJA) said that the price of one tola of 24-karat gold decreased to Rs437,436 after the latest reduction. The association said the decline follows a drop in global gold prices, which continue to influence the domestic bullion market.
The price of 10 grams of 24-karat gold also registered a notable decrease, falling by Rs2,058 to Rs375,030. Dealers said local gold prices are largely determined by movements in the international market and fluctuations in the exchange rate.
The APGJA reported that the international price of gold fell by $24 per ounce, bringing it down to $4,150 per ounce. The decline in global bullion prices was reflected in Pakistan's local market, resulting in lower rates for consumers and investors.
Bullion traders said gold prices have remained volatile in recent weeks due to changing global economic conditions, investor sentiment, and expectations regarding interest rates in major economies. They noted that any further movement in international prices or Currency exchange rates could continue to affect domestic gold prices.
Gold is widely regarded as a safe-haven asset during periods of economic and geopolitical uncertainty. However, analysts say fluctuations in international demand, central bank policies, inflation expectations, and the strength of the US Dollar frequently influence its value.
Market observers said the latest decline may encourage buyers who had postponed purchases due to record-high prices in recent weeks. They added that jewellers are expecting improved customer activity if prices remain stable or continue to ease in the coming days.
