Gold prices in Pakistan experienced a significant decline on Wednesday, June 10, 2026, following a downward trend in the international bullion market amid escalating geopolitical tensions in the Middle East. According to rates issued by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola dropped by Rs12,627 to settle at Rs442,436, compared to the previous closing of Rs455,063. Similarly, the price of 10 grams of 24-karat gold decreased by Rs11,364 to Rs378,170.
In the international market, gold prices also saw a steep fall of $126 per ounce, settling at $4,200. Silver prices likewise recorded a decline in the local market. Market analysts linked the downturn to volatility in global financial markets amid renewed tensions in the Middle East, including reported exchanges between the United States and Iran and continued regional instability. Reports of explosions in major Iranian cities, along with ongoing conflict-related developments in Lebanon, further intensified investor concerns over geopolitical risks and potential disruptions to energy supplies.
Analysts said the decline reflects shifting investor sentiment as markets respond to uncertainty, while gold continues to remain a key safe-haven asset during periods of instability. The sharp drop in domestic prices comes as a relief for potential buyers, though market watchers advise caution given the volatile global environment.
