Global gold price climbs by $36 per ounce as investors turn to safe-haven assets; silver rates remain unchanged
Karachi: Gold prices resumed their upward trend in global and local markets on Thursday, July 9, after a four-day pause, as rising tensions in the Middle East following the Iran-US conflict increased demand for safe-haven assets.
In the international bullion market, gold prices increased by $36 per ounce, reaching $4,113 per ounce.
Following the global market trend, gold prices in Pakistan’s local bullion markets also recorded a significant increase. The price of one tola of 24K gold rose by Rs4,700, reaching Rs433,836.
Similarly, the price of 10 grams of gold increased by Rs4,031, settling at Rs371,944 in the domestic market.
The latest increase came after gold prices had declined sharply in the previous session, with the local market recording a Rs4,700 per tola drop on July 8, reflecting continued volatility driven by global economic and geopolitical developments.
Gold Prices Drop Again As Local Rate Falls By Rs4,700 Per Tola
Gold Rate Comparison: July 9 vs July 8, 2026
Today’s Gold Rates (July 9, 2026)
| Gold Purity | Per Tola | Per 10 Grams |
|---|---|---|
| 24K Gold | Rs433,836 | Rs371,944 |
Previous Session Gold Rates (July 8, 2026)
| Gold Purity | Per Tola | Per 10 Grams |
|---|---|---|
| 24K Gold | Rs429,136 | Rs367,913 |
Gold Price Change
| Gold Purity | Per Tola Change | Per 10 Grams Change |
|---|---|---|
| 24K Gold | ▲ Rs4,700 | ▲ Rs4,031 |
Market analysts linked the renewed rise in gold prices to increasing uncertainty in the Middle East, as investors continue to seek safer investment options amid concerns over further escalation in regional tensions.
Silver Prices Remain Stable
Unlike gold, silver prices remained unchanged in both international and local markets.
The international price of silver remained steady at $59.42 per ounce, with no change recorded during the trading session.
In Pakistan’s local bullion markets, the price of one tola of silver remained unchanged at Rs6,421, while the price of 10 grams of silver stayed at Rs5,504.
With global markets closely monitoring developments in the Middle East, precious metal prices are expected to remain sensitive to geopolitical developments, currency movements and investor sentiment.
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