Pakistani Gold Prices Climb Amid Ongoing Middle East Tensions

Gold prices in Pakistan surged by Rs1,000 per tola on July 30, 2026, as geopolitical tensions in the Middle East continued to weigh on investors. The price of 24-karat gold reached Rs427,436 per tola, up from Rs426,436 in the previous trading session.

The increase was supported by a rise in international bullion prices, with spot gold trading at $4,050 per ounce, up from $4,040. Analysts pointed out that persistent geopolitical uncertainty and expectations regarding global monetary policy are driving demand for gold as a safe-haven asset.

Movements in the international market, along with fluctuations in the rupee-dollar exchange rate, remain key determinants of local gold prices. Jewellers and investors are closely monitoring international price trends, expecting gold prices in Pakistan to remain sensitive to changes in geopolitical risks and central bank policy expectations.