Gold prices in Pakistan declined on Friday, May 8, 2026, following fluctuations in the international bullion market amid ongoing global economic and geopolitical uncertainty.
Gold Rates in Pakistan Fall
According to Beyond Time News, rates issued by the All Pakistan Sarafa Gems and Jewellers Association showed a drop in gold prices across local markets.
The price of 24-karat gold per tola decreased by Rs 2,700 to settle at Rs 494,062, compared to the previous level of Rs 496,762.
Similarly, the price of 10 grams of 24-karat gold fell by Rs 2,315 to Rs 423,578.
International Gold Market Also Weakens
In the global market, gold prices slipped by $27 per ounce, reaching $4,717 compared to $4,744 in the previous session.
Market analysts said the movement reflects ongoing uncertainty in global financial and energy markets, with shifting investor sentiment influencing bullion demand.
Gold Prices Drop in Pakistan – Latest Rates for May 5, 2026
Silver Prices Move Higher
In contrast, silver prices recorded an increase. The price per tola rose by Rs 80 to Rs 8,525, up from Rs 8,445 in the previous session.
Market Driven by Global Uncertainty
Analysts linked recent volatility in precious metals to changing geopolitical conditions, particularly tensions and diplomatic developments involving the United States and Iran.
Experts noted that while short-term fluctuations continue, gold remains supported by its status as a safe-haven asset during periods of uncertainty, inflation pressure, and currency instability.
Despite volatility, bullion continues to attract investors seeking stability amid unpredictable global economic conditions.
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