Gold prices in Pakistan witnessed a sharp upswing on Monday, June 22, 2026, mirroring gains in the international bullion market, according to data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).
The price of 24-karat gold per tola rose by Rs4,643 to Rs442,636, up from the previous closing of Rs437,993. Likewise, the price of 10 grams of 24-karat gold increased by Rs4,179 to Rs378,345. The surge reflects a broader uptrend in global markets, where gold prices gained $46 to reach $4,202 per ounce. Silver prices also climbed, with per tola rates rising by Rs189 to Rs7,151.
Market analysts attributed the fluctuations to developments in global financial markets and shifting investor sentiment. While easing geopolitical tensions have somewhat reduced the appeal of safe-haven assets, gold continues to benefit from its role as a hedge against inflation, currency depreciation, and economic uncertainty. Analysts remain cautiously optimistic about gold’s long-term outlook, noting that investors are closely monitoring geopolitical events, monetary policy signals, and broader economic conditions that could influence precious metal prices in the coming weeks.
In a related development, technical talks between Iran and the United States are set to continue in Switzerland this week, following the conclusion of initial negotiations aimed at ending the Middle East conflict. Mediators Pakistan and Qatar announced on Monday that the parties have agreed on a mechanism to halt hostilities in Lebanon and have established a communication line to ensure safe passage for commercial ships through contested waters. Iranian Foreign Minister Abbas Araghchi stated on Monday that “major progress” had been achieved in talks with the United States. “Pakistani and Qatari mediation has delivered major progress to end Lebanon War,” he posted on X. He added that oil and petrochemical exports have been waived, the blockade lifted, some frozen assets released, and a major reconstruction and development plan launched for Iran.
The interplay between geopolitical developments and commodity markets continues to shape gold prices. As talks progress, investors will assess the potential for reduced risk premiums and shifts in demand for safe-haven assets.
For more information on gold as an investment, see Wikipedia. For global market trends, visit Reuters. For the latest on Iran-US talks, check Al Jazeera.
Source: ARY News