KARACHI: Gold prices in Pakistan witnessed a sharp decline on Wednesday, June 3, 2026, following a significant drop in international bullion rates amid changing global economic conditions and geopolitical developments. The latest gold price update has attracted the attention of investors, traders, and consumers tracking the gold market in Pakistan.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24 karat gold per tola fell, bringing the new gold rate today to Rs461,500 compared to Rs476,362 recorded in the previous trading session. Likewise, the price of 10 grams of 24 karat gold declined to Rs.35,662.
The international gold price also recorded a notable decrease. Gold prices in the global bullion market dropped by $86 per ounce to $4,454, compared to $4,540 a day earlier. The decline in international rates directly impacted Pakistan gold price trends, leading to lower domestic prices.
Silver prices in Pakistan also moved downward. The price of silver per tola decreased by Rs259 to Rs7,894 from the previous level of Rs8,153. Market experts noted that fluctuations in precious metal prices continue to reflect global economic uncertainty and investor sentiment.
Analysts said investors are closely monitoring developments in the Middle East, particularly the fragile ceasefire between Israel and Hezbollah. Although a truce has been in place since April, reports of alleged violations and retaliatory actions have continued to influence market confidence and commodity prices.
Experts also highlighted ongoing diplomatic engagement between the United States and Iran as another factor shaping global financial markets. These developments have contributed to short-term volatility in gold investment trends worldwide.
Despite the latest correction, analysts remain positive about the long-term outlook for gold. They believe gold continues to serve as a reliable safe haven asset during periods of inflation, currency depreciation, financial instability, and geopolitical tensions. With its intrinsic value and limited supply, gold remains a preferred investment choice for those seeking protection against market uncertainty.
