Pakistan’s bullion market recorded a marginal decline on Friday, as gold prices dipped slightly across all categories following a mild pullback in international rates, with domestic markets resuming trading for the first time after the Eid ul Adha holiday period.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola decreased by Rs. 500, settling at Rs. 474,862.
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Similarly, the rate of 24-karat gold per 10 grams fell by Rs. 429, closing at Rs. 407,117, while 22-karat gold per 10 grams also slipped by Rs. 393 to settle at Rs. 373,204.
Gold rates in Pakistan on Friday, May 29, 2026:
- Gold, 24K per tola: Rs. 474,862 (-500)
- Gold, 24K per 10 grams: Rs. 407,117 (-429)
- Gold, 22K per 10 grams: Rs. 373,204 (-393)
Meanwhile, international gold prices also recorded a modest decline, slipping by $5 to settle at $4,525 per ounce.
The mild dip in global bullion markets was mirrored in domestic prices, as traders and investors returned to the market after the Eid ul Adha holidays with a cautious approach.
With limited fresh economic triggers available in the immediate post-holiday session, activity remained relatively subdued throughout the day.
A Volatile Pre-Eid Period
Friday’s marginal decline follows a turbulent pre-Eid period for gold prices in Pakistan. The last session before the holiday on Tuesday, May 26, had seen gold prices dip by Rs. 2,400 per tola to settle at Rs. 475,362, as international markets came under mild selling pressure ahead of the festival.
READ: Gold dips by Rs. 2,400 per tola in Pakistan as international prices retreat
Prior to that, gold had staged a powerful recovery on Monday, May 25, surging by Rs. 4,600 per tola to settle at Rs. 477,762, as international markets rebounded strongly. The week before had also seen significant swings, with gold dipping by Rs. 2,200 per tola on Saturday, May 23, before recovering sharply on Monday.
Near All-Time High Levels
Despite Friday’s modest decline, gold prices in Pakistan remain near historic highs. The metal has been on a significant upward trajectory over the past year, with domestic prices repeatedly breaking records in line with surging international rates driven by global economic uncertainty and geopolitical tensions.
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The current price of Rs. 474,862 per tola keeps gold prices well elevated and within striking distance of all-time highs. Market watchers will be closely monitoring whether the post-Eid sessions bring a fresh wave of buying interest or another period of consolidation and correction in the sessions ahead.
With global economic uncertainty and geopolitical tensions continuing to support demand for safe-haven assets, gold remains well supported at current levels despite the marginal dip recorded on Friday.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for 999 purity (24K).
For daily updates visit our detailed Gold Price in Karachi page
