Gold prices increase in Pakistan, cross Rs500,000 mark after US–Iran ceasefire

KARACHI: Gold prices in Pakistan surged on Wednesday, April 8, 2026, tracking gains in the global bullion market after Iran and the United States agreed to an immediate ceasefire.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola increased by Rs15,700, settling at Rs504,162, compared to Rs488,462 on the previous trading day.

Similarly, the price of 10 grams of 24-karat gold rose by Rs13,460 to Rs432,237, up from Rs418,777.

In the international market, gold prices climbed by $157 to reach $4,814 per ounce, up from $4,657.

Meanwhile, the price of silver per tola increased by Rs440 to Rs8,184, compared to Rs7,744.

Analysts attributed the recent fluctuations in gold prices to heightened geopolitical developments. Donald Trump said Washington had agreed to a two-week pause in attacks and had received a 10-point proposal from Iran, which he described as a “workable” basis for negotiations.

His remarks followed earlier warnings that Tehran must reopen the Strait of Hormuz or risk US retaliation.

Pakistan, which has been mediating between Washington and Tehran, sought the two-week pause to allow diplomatic efforts to move forward.

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Market experts remain optimistic about gold in the long term, citing its role as a safe-haven asset during periods of economic and political instability. They note that gold’s intrinsic value, limited supply, and independence from government or central bank policies make it a reliable hedge against inflation, currency depreciation, and market volatility.

Historically, geopolitical tensions and financial uncertainty have driven investors away from riskier assets—such as equities and speculative currencies—boosting demand for bullion.

Gold continues to serve not only as an ornamental asset but also as a financial safeguard, with its appeal strengthening amid ongoing global uncertainty.