Gold prices in Pakistan climbed Rs 1,100 per tola on Monday to settle at Rs 491,462, tracking a $11 per ounce rise in international bullion that pushed the global rate to $4,687 — as ongoing Middle East conflict and safe-haven demand kept buyers active after a volatile week. The All Pakistan Sarafa Gems and Jewellers Association issued the rates for 6 April 2026.
The price of 24-karat gold per tola in Pakistan increased by Rs 1,100 to settle at Rs 491,462, compared to Rs 490,362 on the previous trading day. The price of 10 grams of 24-karat gold increased by Rs 943 to Rs 421,349 from Rs 420,406. Meanwhile, 10 grams of 22-karat gold rose by Rs 864 to Rs 386,250.
| Product | 6 April 2026 | 4 April 2026 | Change |
|---|---|---|---|
| 24K Gold — Per Tola | Rs 491,462 | Rs 490,362 | +Rs 1,100 |
| 24K Gold — 10 Grams | Rs 421,349 | Rs 420,406 | +Rs 943 |
| 22K Gold — 10 Grams | Rs 386,250 | Rs 385,386 | +Rs 864 |
| Silver — Per Tola | Rs 7,744 | Rs 7,794 | −Rs 50 |
| Silver — 10 Grams | Rs 6,639 | Rs 6,682 | −Rs 43 |
Source: All Pakistan Sarafa Gems and Jewellers Association, 6 April 2026.
In the international market, the price of gold increased by $11 to $4,687 per ounce from $4,676. Meanwhile, silver in the international market decreased by $0.50 to $72.60 per ounce from $73.10.
The divergence between gold and silver reflects differing demand dynamics: safe-haven buying continues to support gold, while silver faces pressure from industrial demand uncertainty and profit-taking in global commodity markets.
Ongoing tensions in the Middle East, particularly regarding Iran, are bolstering gold’s status as a safe-haven asset. Central banks from emerging markets are providing structural support through significant gold purchases — forecasts point to approximately 60 tonnes per month for 2026. Goldman Sachs has raised its end-2026 gold price target to $5,400 per ounce.
Gold left behind an earlier decline to the $4,600 per ounce level and looks to retest $4,700 on the back of resurgent geopolitical tensions. Iran’s rejection of a temporary ceasefire, ahead of a deadline set by US President Trump, reignited safe-haven demand.
The geopolitical premium in gold directly feeds Pakistan’s domestic price. Pakistan’s gold market tracks international bullion in USD and translates through the prevailing PKR/USD exchange rate — currently around Rs 279 per dollar — amplifying every dollar-per-ounce move into a rupee-per-tola jump.
Gold in Pakistan has traced a sharp but volatile upward arc through the first week of April, driven by the record fuel price hike on 3 April, the PM’s Rs 80 levy reversal on 4 April, and shifting ceasefire signals from the Gulf.
| Date | Gold Per Tola (Rs) | Daily Change |
|---|---|---|
| 31 March 2026 | Rs 475,962 | +Rs 3,900 |
| 1 April 2026 | Rs 478,762 | +Rs 2,800 |
| 2 April 2026 | Rs 494,062 | +Rs 15,300 |
| 4 April 2026 | Rs 490,362 | — |
| 5 April 2026 | Rs 499,500 | — |
| 6 April 2026 | Rs 491,462 | +Rs 1,100 |
Sources: All Pakistan Sarafa Gems and Jewellers Association; APGJSA daily rate sheets.
Gold at Rs 491,462 per tola sits just below the psychologically significant Rs 500,000 mark — a level it briefly crossed on April 5, 2026. For jewellery buyers, this means a standard gold bangle set for a Pakistani wedding now costs significantly more than it did even a month ago, when per-tola rates were closer to Rs 463,000. For investors treating gold as a hedge against the rupee, the bullion’s sustained elevation above Rs 490,000 offers protection against further currency weakness and the inflation pressure flowing from Pakistan’s energy crisis. Any ceasefire agreement in the Middle East, however, would likely trigger a sharp price correction in global gold — which would immediately ripple through Pakistan’s domestic Sarafa markets.