Gold prices in Pakistan witnessed a sharp and significant decline on June 19, 2026, in line with a downturn in the global bullion market. The per tola price of 24-karat gold fell noticeably across major cities, reflecting a strong correction after recent fluctuations.
Market analysts say the drop is mainly driven by a stronger US dollar, expectations of tighter monetary policy in the United States, and weakening global demand for safe-haven assets. Profit-taking by investors after previous gains also added pressure to gold prices.
Jewellers in Karachi, Lahore, and other cities reported cautious buying activity as consumers wait for further price stability. Experts believe that gold prices may continue to remain volatile in the short term, depending on global economic trends and interest rate signals.
