Gold price in Pakistan rises Rs16,300 per tola

March 24, 2026 (MLN): Gold price in Pakistan increased on Tuesday, with 24-karat gold being sold at Rs464,062 per tola, up Rs16,300.

Similarly, 24-karat gold per 10-gram was sold at Rs397,858 after a rise of Rs13,975, according to rates shared by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).

The price of 22-karat gold was also quoted higher at Rs364,716 per 10-gram.

Today's surge comes a day after gold witnessed a historic dip, as prices had plunged sharply on Monday in one of the steepest single-day declines recorded in the domestic market.

Similarly, silver prices rose in the domestic market, with 24-karat silver being sold at Rs7,454 per tola (+Rs570) and Rs6,390 per 10-gram (+Rs489).

Globally, spot gold traded near $4,425 an ounce, up $19.7 or 0.45% from the previous session.

However, the broader outlook for gold remains under pressure, as spot gold has declined around 18% since the onset of the U.S.-Israel conflict with Iran on February 28, while the U.S. dollar has strengthened considerably as a preferred safe-haven asset.

Investors are increasingly pricing in a prolonged higher interest rate environment amid concerns that escalating geopolitical tensions, particularly surrounding Iran, could stoke global inflationary pressures.

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