pakistan
Gold prices plunge in Pakistan as US, Iran presidents sign ceasefire agreement
Key takeaways
- The development came after the US and Iran presidents have electronically signed a memorandum of understanding to extend their ceasefire and reopen the Strait of Hormuz.
- According to rates issued by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola fell by Rs2,300 to Rs452,936.
- Similarly, the price of 10 grams of 24-karat gold decreased by Rs2,070 to Rs387,615.
Why this matters: local context for readers following news across Pakistan and the region.
Add ARY News on Google AAResize KARACHI: Gold prices in Pakistan declined on Thursday, June 18, 2026, in line with a downward trend in the international bullion market amid easing geopolitical tensions in the Middle East.
The development came after the US and Iran presidents have electronically signed a memorandum of understanding to extend their ceasefire and reopen the Strait of Hormuz.
According to rates issued by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola fell by Rs2,300 to Rs452,936.
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