Gold Prices Drop Sharply!

Updated: 3:54 PM PKT — June 2, 2026

The price of gold in Pakistan increased significantly, with the per tola rate rising by Rs 4,600. According to the All Pakistan Gems and Jewellers Association, one tola of gold is now valued at Rs 476,362. Similarly, the price for 10 grams of gold climbed by Rs 3,944 to reach Rs 408,403. The surge reflects trends in the international market, where the price of the precious metal rose by $46 to settle at $4,540 per ounce.

Updated: 2:21 PM PKT — June 2, 2026

Gold prices surged in bullion markets across Pakistan on Tuesday, with the per tola rate increasing by Rs 4,600 to settle at Rs 476,362. The price for 10 grams of gold also rose by Rs 3,944, reaching Rs 408,403.

In the international market, the precious metal also saw an upward trend, with its price increasing by $46 to $4,540 per ounce.

Updated: 12:18 PM PKT — June 2, 2026

Gold prices in Dubai rebounded on Tuesday after recording a significant drop in the previous session. The price for 24-karat gold rose to 544.25 dirhams per gram from its Monday closing of 539.75 dirhams. In the international market, spot gold remained above the $4,517 per ounce level.

Market experts suggest investors are closely monitoring geopolitical developments, particularly the partial ceasefire between Israel and Hezbollah and the status of negotiations involving Iran. Traders are also awaiting a key US employment report, which could influence future decisions on interest rates.

Updated: 8:42 AM PKT — June 2, 2026

Gold prices remained steady at Rs 471,762 per tola for 24-karat gold at the opening of Tuesday’s trading, following a significant drop in the previous session. The price for 10 grams of gold also held at Rs 404,459. Market experts anticipate potential fluctuations influenced by ongoing tensions in the Middle East and renewed activity from investors after the precious metal recently hit record highs. Meanwhile, the price of silver was recorded at Rs 8,059 per tola.

Updated: 11:00 PM PKT — June 1, 2026

The price of gold has fallen by Rs 4,400 per tola, bringing the new rate to Rs 471,762. The price for 10 grams of gold also saw a significant drop of Rs 3,773, settling at Rs 404,459.

This domestic price change corresponds with a downturn in the international market, where the price of gold fell by $44 to $4,494 per ounce.