Gold prices drop sharply in global, Pakistani markets

All Pakistan Gems and Jewellers Sarafa Association (APGJSA) says international price of gold fell by $56 per ounce, settling at $4,017 per ounce

KARACHI: (UrduPoint/UrduPoint / Pakistan Point News-July 14th, 2026) The gold prices witnessed a significant decline in both international and domestic markets on Tuesday, with local bullion rates falling by Rs5,600 per tola following a sharp drop in global prices.

All Pakistan Gems and Jewellers Sarafa Association (APGJSA) said that the international price of gold fell by $56 per ounce, settling at $4,017 per ounce.

Reflecting the global trend, the price of 24-karat gold in Pakistan's local market dropped by Rs5,600 per tola to Rs424,136. Similarly, the price of 10 grams of gold decreased by Rs4,801, reaching Rs363,628.

Silver prices also moved downward. The price of silver per tola declined by Rs50 to Rs6,289, while the price of 10 grams of silver fell by Rs43 to Rs5,391, according to the association.

The latest decline follows another drop recorded a day earlier. On Monday, gold prices in the local market fell by Rs3,800 per tola, bringing the rate to Rs429,736, while the price of 10 grams decreased by Rs3,258 to Rs368,429. Silver prices had also slipped by Rs123 per tola, closing at Rs6,339.

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The precious metals market has experienced increased volatility in recent trading sessions, driven largely by fluctuations in international bullion prices and changing investor sentiment.

Last Friday, gold prices also ended lower in both global and domestic markets. International gold prices fell by $14 per ounce to $4,100, prompting a decline of Rs1,400 per tola in Pakistan, where the price settled at Rs432,436. The price of 10 grams of gold also dropped by Rs1,200 to Rs370,744.

In contrast, silver recorded gains during Friday's trading. The price of silver per tola increased by Rs11 to Rs6,432, while 10 grams of silver rose by Rs10 to Rs5,514.

Market analysts said movements in international bullion prices continue to influence local gold rates, with domestic prices reflecting global trends alongside fluctuations in the rupee-dollar exchange rate. Traders are closely monitoring international market developments for indications of the next direction in precious metal prices.