KARACHI: Gold prices in Pakistan declined on Tuesday, August 4, 2026, following a slight drop in the international bullion market, as investors continued to assess global economic conditions and geopolitical developments affecting precious metals.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola fell by Rs.500, settling at Rs.427,936, compared to Rs.428,436 recorded in the previous trading session.
Likewise, the price of 10 grams of 24-karat gold decreased by Rs428, reaching Rs366,886, down from Rs367,314 a day earlier. The decline mirrors the trend in international markets, where bullion prices remained under pressure due to changing investor sentiment.
In the global market, the price of gold slipped by $5 per ounce, closing at $4,055, compared to $4,060 in the previous session. Analysts attributed the decline to cautious trading as investors evaluated the impact of geopolitical tensions in the Middle East alongside expectations surrounding interest rates and inflation.
While gold prices moved lower, silver recorded gains in Pakistan's local bullion market. The price of silver per tola increased by Rs60, rising to Rs6,351 from Rs6,291 in the previous session, reflecting continued demand for the precious metal.
Market analysts said gold has remained highly volatile in recent months due to fluctuations in the US dollar, changing expectations for monetary policy by major central banks, and uncertainty surrounding the global economic outlook. Investors are also closely monitoring inflation trends, employment data, and interest rate decisions that could influence the direction of precious metal prices.
Traditionally considered a safe-haven investment during periods of political and economic uncertainty, gold continues to react sharply to developments in international markets. Experts expect prices to remain volatile in the coming days as traders keep a close watch on geopolitical tensions in the Middle East, central bank policies, and global financial indicators.
Meanwhile, international oil prices rebounded by nearly 1 percent after suffering sharp losses in the previous session. Concerns over potential disruptions to Middle East oil supplies and uncertainty surrounding diplomatic efforts between the United States and Iran continued to influence commodity markets.
Separately, reports of a drone attack on civilian vessels in the Black Sea further highlighted ongoing geopolitical risks, adding to uncertainty across global financial markets.
