Gold prices in Pakistan witnessed a sharp rise on Wednesday, April 8, 2026, crossing the Rs500,000 mark amid global market gains following the US–Iran ceasefire. The All Pakistan Sarafa Gems and Jewellers Association reported that 24-karat gold per tola increased by Rs15,700, closing at Rs504,162, up from Rs488,462 on the previous day. Similarly, 10 grams of 24-karat gold rose by Rs13,460 to Rs432,237.
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In the international market, gold prices climbed by $157, reaching $4,814 per ounce, compared to $4,657 earlier. Silver prices also experienced a modest increase, with per tola rates up by Rs440 to Rs8,184. Analysts attributed the surge to recent geopolitical developments, particularly the ceasefire agreement between Washington and Tehran.
US President Donald Trump confirmed that the two-week pause in attacks would allow diplomatic negotiations to proceed, following Iran’s 10-point proposal, which he termed “workable.” The ceasefire comes after earlier threats of retaliation if Iran failed to reopen the Strait of Hormuz. Pakistan’s mediation efforts were widely credited with facilitating this temporary halt in hostilities, creating renewed investor confidence.
Market experts view gold as a safe-haven asset during periods of political and economic instability. Its intrinsic value, limited supply, and independence from central bank policies make it a reliable hedge against inflation, currency depreciation, and market volatility. Historical trends show that during times of geopolitical tension, investors shift away from riskier assets, such as equities and speculative currencies, driving demand for bullion.
Read More: Gold prices continued their upward trend in local market
With the global situation still uncertain, gold’s appeal continues to strengthen, not only as an ornamental asset but also as a financial safeguard. Analysts remain optimistic that the recent spike may sustain as investors seek stability amid ongoing international uncertainties.