Gold prices fall sharply in Pakistan on June 6, 2026

Gold prices in Pakistan recorded a sharp decline on Saturday as the local market followed a downward trend in the international bullion market, according to official rates.

Data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) showed that the price of 24-karat gold per tola fell by Rs12,489 to reach Rs455,327, compared to Rs467,816 in the previous trading session.

Similarly, the price of 10 grams of 24-karat gold also declined by Rs11,240 and settled at Rs389,772, down from Rs401,012 a day earlier.

In the international market, gold prices dropped by $124.89 per ounce to $4,328.92, falling from the previous level of $4,453.81.

Silver prices also followed the same downward trend in the local market. The price of silver per tola decreased by Rs463, reaching Rs7,267, down from Rs7,730 in the previous session.

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Market experts said the decline in precious metals is mainly due to shifting investor sentiment and changing demand for safe-haven assets amid ongoing global economic and geopolitical uncertainty.

Investors are closely watching developments in the Middle East, including the fragile ceasefire between Israel and Hezbollah, as well as diplomatic efforts involving the United States and Iran.

Despite short-term fluctuations, analysts believe gold still holds strong long-term value due to its traditional role as a hedge against inflation, currency pressure, and global instability.