KARACHI: Gold prices in Pakistan registered a significant decline on Tuesday, April 28, 2026, reflecting downward trends in the international bullion market influenced by ongoing geopolitical developments.
Data released by the All Pakistan Sarafa Gems and Jewellers Association showed that the price of 24-karat gold per tola decreased by Rs8,900, settling at Rs485,062 compared to Rs493,962 a day earlier.
Likewise, the rate for 10 grams of 24-karat gold fell by Rs7,630, bringing it down to Rs415,862 from Rs423,492 in the previous session.
In global markets, gold prices also saw a notable drop, declining by $89 per ounce to $4,627, down from $4,716.
Silver prices followed a similar trend in the domestic market, with the per tola rate dropping by Rs238 to Rs7,811 from Rs8,049.
Experts link these fluctuations to shifting geopolitical dynamics, particularly ongoing diplomatic efforts between the United States and Iran. Market sentiment has been affected by signs of easing tensions, which often reduce immediate demand for safe-haven assets like gold.
Pakistan has been playing a supportive role in facilitating dialogue between Washington and Tehran, advocating for continued negotiations and long-term stability.
Despite short-term volatility, analysts remain optimistic about gold’s long-term prospects. They emphasize its enduring appeal as a hedge against inflation, currency devaluation, and economic uncertainty, noting that investors typically turn to bullion during periods of global instability.
Traditionally, gold and silver have served both as investment assets and ornamental commodities, with demand often rising when financial markets face uncertainty.
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