KARACHI: Gold prices in Pakistan fell on Monday, May 4, 2026, tracking a decline in the international bullion market amid shifting geopolitical dynamics and fluctuations in global oil prices.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola dropped by Rs3,800 to Rs479,962. Likewise, the price of 10 grams of 24-karat gold decreased by Rs3,257 to Rs411,490.
In the global market, gold prices declined by $38 per ounce, settling at $4,576.
Silver prices also moved lower in the local market, with the per tola rate falling by Rs100 to Rs7,914.
Analysts attributed the downward trend to evolving global conditions, particularly developments surrounding US-Iran tensions, along with broader economic uncertainty.
Despite short-term volatility, experts maintain a positive long-term outlook for gold, citing its role as a reliable safe-haven asset during times of economic and geopolitical stress.
They note that gold remains attractive due to its intrinsic value, limited supply, and insulation from direct government control, making it a preferred hedge against inflation, currency depreciation, and market volatility.
Historically, periods of uncertainty have pushed investors toward bullion while dampening interest in riskier assets like equities and speculative currencies.
Gold continues to hold dual importance as both a traditional ornamental metal and a key financial safeguard, with demand typically rising during times of global instability.
