Gold prices recorded a sharp decline in Pakistan on Monday, June 8, 2026, following a downturn in international bullion markets despite continued geopolitical tensions in the Middle East.
According to rates issued by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola dropped by Rs3,094.
The new price stood at Rs452,233 per tola, compared to Rs455,327 in the previous trading session.
Gold Rates Decline Across All Major Categories
The price of 10 grams of 24-karat gold also registered a significant decrease.
It fell by Rs2,785 to Rs386,987, down from Rs389,772 a day earlier.
The decline reflects the broader trend seen in international precious metal markets, where investors adjusted positions amid changing market conditions.
International Gold Market Sees Losses
In the global market, gold prices dropped by $30 per ounce.
The international rate declined to $4,297 per ounce from $4,328.92 recorded during the previous session.
Market observers said the decline came despite growing uncertainty in the Middle East and rising oil prices linked to renewed tensions between Iran and Israel.
Silver Prices Also Move Lower
Silver prices followed gold’s downward trend in the local market.
The price of silver per tola fell by Rs94 to Rs7,173.
During the previous trading session, silver was selling at Rs7,267 per tola.
The decline reflects broader weakness across precious metals as investors reassessed market risks and opportunities.
Middle East Tensions Remain in Focus
Meanwhile, reports of explosions in Tehran, Tabriz, and Isfahan early Monday renewed concerns about stability in the region.
The developments reduced hopes for a quick easing of tensions and raised fresh questions about energy supplies moving through the Strait of Hormuz.
Oil markets remained sensitive to the situation, with traders closely monitoring developments between Iran and Israel.
Analysts Cite Changing Investor Sentiment
Market analysts attributed the decline in gold prices to shifting investor sentiment and fluctuating demand for safe-haven assets.
They said traders continue to balance geopolitical risks against expectations surrounding global economic conditions and financial markets.
Investors are also closely watching diplomatic efforts involving the United States and Iran, along with broader developments across the Middle East.
Long-Term Outlook Remains Positive
Despite recent volatility, analysts remain optimistic about gold’s long-term prospects.
They believe the precious metal will continue to attract investors seeking protection against inflation, currency depreciation, and geopolitical uncertainty.
While short-term price movements may remain unpredictable, gold continues to be viewed as one of the world’s most reliable safe-haven assets during periods of economic and political instability.