Gold prices in Pakistan declined on Friday, July 17, 2026, mirroring losses in the international bullion market as investors weighed escalating tensions in the Middle East against expectations that US interest rates could remain higher for longer.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola fell by Rs3,600 to Rs421,836.
The price of 10 grams of 24-karat gold also dropped by Rs3,086, settling at Rs361,656.
In the international market, spot gold declined by $36 to $3,994 per ounce.
Meanwhile, the price of 24-karat silver per tola decreased by Rs126 to Rs6,029.
Market analysts said investors remained focused on the inflationary impact of rising energy prices amid heightened geopolitical tensions in the Middle East, while expectations that the US Federal Reserve may keep interest rates elevated for a longer period continued to weigh on bullion prices.