KARACHI — Gold prices in Pakistan fell sharply on Thursday, March 26, 2026, reflecting trends in the international bullion market, the All Pakistan Sarafa Gems and Jewellers Association reported.
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The price of 24-karat gold per tola dropped by Rs11,000, closing at Rs468,262 compared to Rs479,262 the previous day. Similarly, 10 grams of 24-karat gold fell by Rs9,430 to Rs401,459 from Rs410,889, while 10 grams of 22-karat gold declined by Rs8,644 to Rs368,017 from Rs376,661.
Silver prices also followed a downward trend, with per tola rates decreasing by Rs340 to Rs7,484 and 10 grams of silver falling by Rs291 to Rs6,416.
Internationally, gold prices dropped by $110 to $4,455 per ounce from $4,565, while silver declined by $3.40 to $70.00, according to the association. Analysts attributed the fluctuations to rising oil prices and heightened geopolitical tensions, particularly following recent airstrikes by the United States and Israel against Iran, which have created uncertainty in global markets.
Despite short-term declines, experts remain optimistic about gold in the long term, highlighting its role as a safe-haven asset during periods of instability. Gold’s intrinsic value, limited supply, and independence from government or central bank policies make it a reliable hedge against inflation, currency depreciation, and market volatility.
Market analysts also note that geopolitical unrest, trade disputes, and financial instability tend to shift investor preference away from riskier assets, such as equities and speculative currencies, toward bullion.
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Gold continues to maintain dual appeal, serving both as an ornamental asset and a financial safeguard. The metal’s demand is expected to remain strong amid ongoing global economic and political uncertainty, reinforcing its position as a cornerstone of conservative investment strategies.