KARACHI: Gold prices in Pakistan recorded a notable decline on Thursday, June 18, 2026, mirroring losses in the international bullion market as geopolitical tensions in the Middle East eased following a new US-Iran agreement.
The drop came after the presidents of the United States and Iran electronically signed the Islamabad Memorandum of Understanding, extending the ceasefire and agreeing to reopen the Strait of Hormuz, a key global shipping route.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola fell by Rs2,300 to settle at Rs452,936. The price of 10 grams of 24-karat gold also declined by Rs2,070, reaching Rs387,615.
In global markets, gold lost $23 per ounce, bringing the international price down to $4,305 per ounce.
Silver also followed the downward trend, with the local price per tola decreasing by Rs144 to Rs7,359.
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