Gold prices in Pakistan fell again today, with per tola gold dropping to around Rs. 500,162, while international bullion slipped to $4,778 per ounce amid ongoing U.S.βIran tensions. Analysts expect volatility to continue as markets react to oil price swings and Federal Reserve policy signals. ProPakistani The Times of India
- π Latest Gold Price Updates (April 21, 2026)
Pakistan (local market):
- Per tola gold: Rs. 500,162 (down Rs. 1,000 from yesterday)
- 10 grams gold: Rs. 428,808 (down Rs. 857)
- Per tola silver: Rs. 8,358 (down Rs. 59) ProPakistani
International bullion market:
- Spot gold: $4,778 per ounce (down $10)
- Prices were highly volatile, slumping to $4,737 in the Asian session before recovering slightly. ProPakistani The Times of India
π Key Drivers Behind Price Movements
Geopolitical tensions:
- U.S.βIran talks and the closure of the Strait of Hormuz have disrupted oil markets, directly influencing gold demand as a safe-haven asset. The Times of India
Federal Reserve outlook:
- Traders are watching for signals on potential U.S. rate cuts. Lower interest rates typically support gold prices by reducing the opportunity cost of holding non-yielding assets. The Times of India
Oil price swings:
- Recent surges in oil prices have added uncertainty, with gold reacting to energy market volatility. The Times of India
π Short-Term Outlook
- Analysts expect continued choppiness in gold prices this week.
- Support levels: Around $4,762 per ounce (technical retracement zone).
- Resistance levels: Near $4,837 per ounce, where gold recently rebounded. ProPakistani FXStreet
β οΈ Risks & Considerations
- Currency fluctuations in Pakistan can amplify local gold price changes.
- Geopolitical uncertainty in the Middle East may trigger sharp swings.
- Fed policy decisions remain the most critical driver for global gold trends.