Gold prices in Pakistan recorded a decline on Friday, July 10, 2026, following a drop in international bullion rates. The decrease came despite ongoing geopolitical tensions in the Middle East, which continue to influence global financial markets.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola fell by Rs1,400, bringing the new rate to Rs432,436.
The association also reported a decline in gold rates for smaller quantities. The price of 10 grams of 24-karat gold dropped by Rs1,200 to Rs370,744. Meanwhile, 10 grams of 22-karat gold decreased by Rs1,100, reaching Rs339,861.
The latest change reflects the movement in international bullion markets. In the global market, Gold prices declined by $14 per ounce, taking the rate to $4,100 per ounce.
While gold became cheaper, silver moved in the opposite direction. The price of silver per tola increased by Rs11 to Rs6,432. Similarly, the rate for 10 grams of silver rose by Rs10, reaching Rs5,514.
International silver prices also recorded a slight increase. According to APSGJA, silver gained $0.11 per ounce to reach $59.53 per ounce in global trading.
Market experts said Gold prices remain highly volatile because of uncertainty in international markets. Investors continue to monitor developments in the Middle East, where recent military tensions have affected commodity prices and global investor sentiment.
The latest tensions followed fresh military strikes by the United States on Iran. Reports said the strikes were aimed at maintaining commercial shipping through the Strait of Hormuz. In response, Iran reportedly launched attacks on Kuwait and Bahrain, increasing concerns about regional stability.
The conflict has also influenced energy markets. Brent crude oil prices increased by around one percent to $78.80 per barrel. However, oil prices remain well below the peak levels recorded in late April, when they exceeded $120 per barrel.
According to Iranian media reports, the strikes targeted several locations along the country’s southern coastline. These included Bandar Abbas, Iran’s largest commercial port, along with Konarak and Chabahar near the Pakistan border.
Financial analysts said several factors continue to influence precious metals markets. These include geopolitical uncertainty, movements in the US dollar, inflation expectations, and possible changes in interest rates by major central banks.
Experts noted that gold is traditionally considered a safe-haven investment during periods of uncertainty. However, they explained that short-term price movements are also affected by investor profit-taking, market sentiment, and expectations regarding monetary policy.
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Analysts believe future Gold prices will largely depend on developments in the Middle East, upcoming global economic data, and policy decisions by leading central banks. Until there is greater economic and geopolitical stability, fluctuations in gold and silver rates are expected to continue.
