Gold price in Pakistan rises Rs16,300 per tola
MG News | March 24, 2026 at 03:32 PM GMT+05:00
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).
|
PKR (24-karat per tola) |
24-Mar-26 |
23-Mar-26 |
DoD |
|
Gold |
464,062 |
447,762 |
16,300 |
|
Silver |
7,454 |
6,884 |
570 |
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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