Gold prices in Pakistan have seen a decline amidst ongoing geopolitical tensions and fluctuations in the international market. On May 3, 2026, the price per tola dropped by Rs200, bringing it to Rs483,762.
The price of 10 grams of gold decreased by Rs172 to Rs414,747. Additionally, the price of 10 grams of 22 karat gold fell by Rs158 to Rs380,198. Internationally, the gold price also saw a minor decrease of $2, now sitting at $4,614 per ounce.
Key statistics:
- Gold price per tola: Rs483,762
- Price for 10 grams: Rs414,747
- Price for 10 grams of 22 karat: Rs380,198
- International gold price: $4,614 per ounce
Despite the drop in gold prices, silver prices increased. The price of silver per tola rose by Rs193 to Rs8,014. For 10 grams of silver, the price went up by Rs165 to Rs6,870.
Experts say fluctuations in the international market, along with changes in local demand and supply, are influencing gold prices, leading to the recent decline. Following an initial surge in gold purchases on Monday, prices dipped by over USD 350 before recovering due to disappointing US jobs data.
The State Bank of Pakistan has noted that gold prices are expected to remain volatile because of these geopolitical tensions. Future trends remain uncertain as local and global factors continue to affect pricing dynamics.