Gold prices drop in Pakistan – April 23, 2026

BusinessGold prices drop in Pakistan – April 23, 2026By Web Desk-Apr 23, 2026KARACHI: Gold prices in Pakistan declined on Thursday, April 23, 2026, tracking a downward trend in the international bullion market amid shifting geopolitical developments. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola dropped by Rs 5,200 to settle at Rs 493,762, compared to Rs 498,962 in the previous session. Similarly, the price of 10 grams of 24-karat gold fell by Rs 4,458 to Rs 423,321, down from Rs 427,779 a day earlier. In the international market, gold prices eased by $52 per ounce, settling at $4,714, compared to $4,766 in the previous session. Silver prices also recorded a decline. In the local market, silver per tola dropped by Rs 225 to Rs 8,099. Market analysts attributed the downturn to shifting geopolitical conditions and ongoing diplomatic developments involving the United States and Iran, as efforts toward de-escalation continue. Pakistan, which has been facilitating dialogue between Washington and Tehran, is encouraging continued diplomatic engagement and the establishment of a durable ceasefire framework. SILVER RATE – DAILY UPDATES Despite short-term fluctuations, analysts maintain a positive long-term outlook for gold, citing its continued role as a safe-haven asset during periods of economic and geopolitical uncertainty. They note that gold retains its appeal due to its intrinsic value, limited supply, and independence from government policy, making it a hedge against inflation, currency depreciation, and market volatility. Historically, periods of geopolitical tension and financial instability have driven investors toward bullion, away from riskier assets such as equities and speculative currencies. Gold continues to serve not only as a traditional ornamental commodity but also as a financial safe haven, with demand typically rising during global uncertainty.