Gold prices in Pakistan witnessed a sharp decline on Thursday, April 9, 2026. The price of 24-karat gold dropped by Rs 9,500 per tola, bringing it below the Rs 500,000 mark for the first time in recent days.
According to the All Pakistan Sarafa Gems and Jewellers Association, the new rate for one tola of 24-karat gold is now Rs 494,662. Similarly, the price of 10 grams of gold fell by Rs 8,145 to Rs 424,092.
This significant drop mirrors the decline in international gold prices. Globally, gold prices fell by around $95 per ounce as investors reacted to the recent US-Iran ceasefire agreement. The truce has reduced immediate geopolitical fears, leading to lower demand for safe-haven assets like gold.
The fall in gold prices brings some relief to buyers and jewellers who were worried about the high rates in recent weeks. Many people had been waiting for a correction before making purchases for weddings or investments.
However, experts say this is a short-term fluctuation. They remain optimistic about gold’s long-term value as a safe investment during times of economic or political uncertainty. Silver prices also saw a decrease along with gold.
Market analysts advise buyers to monitor both local and international trends closely. While the current drop offers a good opportunity for some, gold is still expected to remain strong due to ongoing global uncertainties.
This sudden correction in gold rates comes as a welcome development for many middle-class families planning to buy jewellery in the near future.
