Gold prices in Pakistan declined on Monday, May 11, 2026, tracking a drop in the international bullion market. Market uncertainty and shifting geopolitical signals kept prices under pressure.
According to the All Pakistan Sarafa Gems and Jewellers Association, 24-karat gold per tola dropped by Rs5,300 to Rs488,362, compared with Rs493,662 in the previous session.
The price of 10 grams of 24-karat gold also fell by Rs4,544, settling at Rs418,691 instead of Rs423,235.
International market also weak
Global gold prices moved lower as well. The international rate fell by $53 per ounce to $4,660, down from $4,713.
Meanwhile, silver prices in Pakistan stayed unchanged at Rs8,513 per tola.
Read more:Gold Prices Decline in Pakistan Amid Global Market
Market factors behind the decline
Analysts linked the decline to global economic uncertainty and shifting geopolitical developments, especially US–Iran tensions and diplomatic signals.
At the same time, markets reacted to mixed messages about the ceasefire between the United States and Iran. Optimism about a possible diplomatic deal also influenced sentiment.
One analyst noted that expectations of stability can temporarily reduce demand for safe-haven assets like gold.
Outlook remains positive
Despite short-term price pressure, analysts still expect long-term strength in gold.
They point to its limited supply and role as a hedge against inflation and currency weakness. During periods of global instability, investors often return to bullion, which supports long-term demand.
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