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Gold prices in Pakistan have seen a significant drop, losing over Rs15,000 per tola in the last two sessions due to international market trends.
Gold prices in Pakistan have experienced a sharp decline, losing over Rs15,000 per tola in the last two sessions [1, 3]. This downward trend follows a decrease in the international bullion market [1]. On Wednesday, the price of 24-karat gold was reported at Rs442,436 per tola, with 10 grams falling by Rs11,364 to Rs378,170 [1].
Key takeaways
On Friday, gold prices decreased by Rs15,500 per tola in the local market, with 24-karat gold rates reaching Rs476,862 per tola, according to the All Pakistan Sarafa Gems and Jewellers Association [3]. The price of 10-gram gold also dropped by Rs13,289 to Rs408,832 [3]. This local market movement mirrored a decline in the international market, where gold shed $155 to $4,545 per ounce [3]. Local prices are adjusted with a premium of $20 against international rates [3]. Silver rates also moved down, falling by Rs972 to Rs8,232 per tola, and 10-gram silver rates dropped by Rs833 to Rs7,057 [3].
Tracking data from June 12, 2026, shows the 24-karat gold rate at Rs433,000 per tola and Rs371,230 per 10 grams [2]. Earlier in the week, on June 11, 2026, the 24-karat gold rate was Rs425,800 per tola [2]. The international market saw gold shed $126.270 per ounce, quoted at $4,200 per ounce, including a premium [1].
Gold prices in Pakistan are influenced by two primary factors: the international spot price, set in USD on LBMA/COMEX, and the USD/PKR exchange rate [4]. When the global gold price rises or the Pakistani rupee weakens against the dollar, the local price of gold tends to increase [4]. Conversely, a drop in international prices, as seen recently, contributes to local price decreases [1, 3].
Other factors that can affect local prices include seasonal patterns, such as increased demand during wedding seasons (October–March) and holidays like Ramadan and Eid, which can support prices [4]. Government policies, including import duties, taxes on precious metals, and regulations from the State Bank of Pakistan, can also cause sudden shifts in the local market that may temporarily diverge from international trends [4]. The Karachi Sarafa Market is considered a main hub for gold trading in Pakistan, with gold brokers and jewelers in other cities often following its trend for daily gold prices [2].
The fluctuations in gold prices in Pakistan are closely watched by investors and the public, as gold is a significant commodity for savings and jewelry [2, 4]. The recent sharp decline indicates a sensitivity to global market movements and currency exchange rates [1, 3, 4]. The data shows a notable decrease over the last few sessions, with 24-karat gold per tola falling from Rs478,500 in mid-May to Rs430,237 by June 13, 2026, representing a 10.1% decrease over 30 days [4]. This trend highlights the dynamic nature of the gold market, influenced by both international benchmarks and local economic conditions [2, 4].
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 4 outlets · Jun 12, 2026 · How we report