Gold price falls by Rs3,800 per tola in Pakistan as global rates decline

Pakistan Gems and Jewellers Association (PGJA) says new price of 24-karat gold stands at Rs429,736 per tola, reflecting the latest downward trend in the global precious metals market

KARACHI: (UrduPoint/UrduPoint / Pakistan Point News-July 13rd, 2026) The Gold prices declined sharply in Pakistan on Monday, with the price of 24-karat gold falling by Rs3,800 per tola in line with a drop in international bullion rates.

Pakistan Gems and Jewellers Association (PGJA) said that the new price of 24-karat gold stands at Rs429,736 per tola, reflecting the latest downward trend in the global precious metals market.

The decline follows a decrease in international gold prices, where bullion lost $38 per ounce, bringing the global rate down to $4,073 per ounce. The fall in international prices was mirrored in the domestic market.

The association said the price of 10 grams of 24-karat gold also dropped by Rs3,258, settling at Rs368,429.

Gold prices in Pakistan are linked closely to fluctuations in the international bullion market, while exchange rate movements and local market conditions also influence retail prices.

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Market experts said bullion prices remain volatile as investors continue to monitor global economic indicators, inflation trends, central bank policies and geopolitical developments, all of which affect demand for safe-haven assets such as gold.

Jewellers noted that domestic gold rates are revised daily in accordance with changes in international bullion prices, resulting in frequent fluctuations in the local market.

Analysts believe the precious metals market is likely to remain sensitive to developments in the global economy and financial markets, with any major geopolitical or economic event capable of influencing investor sentiment and gold prices.

The Pakistan Gems and Jewellers Association updates gold prices across the country on a daily basis based on prevailing international market trends and local trading conditions.