KARACHI: Gold prices in Pakistan recorded a sharp increase on Tuesday, June 2, 2026, following gains in the international bullion market amid ongoing global economic uncertainty and geopolitical tensions.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola rose by Rs4,600, reaching Rs476,362 compared to Rs471,762 in the previous trading session. Likewise, the price of 10 grams of 24-karat gold increased by Rs3,944 to Rs408,403.
Internationally, gold prices climbed by $46 per ounce to settle at $4,540, up from $4,494 a day earlier. The rise in global bullion prices has directly impacted the local gold market, leading to higher rates across Pakistan.
Silver prices also witnessed an upward trend, with the per tola rate increasing by Rs94 to reach Rs8,153 from Rs8,034.
Market experts attributed the surge in gold prices to persistent uncertainty in global financial markets and geopolitical developments, particularly tensions in the Middle East. Investors are closely monitoring the fragile ceasefire situation involving Israel and Hezbollah, as well as diplomatic engagements between the United States and Iran.
Analysts believe gold continues to attract investors as a safe-haven asset during periods of economic instability. They noted that gold remains a preferred investment option due to its intrinsic value, limited supply, and ability to protect wealth against inflation, currency depreciation, and market volatility.
With global risks remaining elevated, market observers expect continued interest in gold investment and bullion trading in the coming months.
