Karachi witnessed a notable increase in gold prices on Saturday, March 7, 2026, as the precious metal surged in response to rising international bullion values. The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) confirmed that the price of 24-karat gold per tola jumped by Rs 6,100, closing at Rs 539,862 compared to Rs 533,762 recorded on the previous trading day. This sharp rise reflects both global market dynamics and local demand pressures.
In addition to the tola measurement, the price for 10 grams of 24-karat gold also saw a significant boost, climbing by Rs 5,230 to reach Rs 462,844 from Rs 457,614. Similarly, 22-karat gold, which is widely used in jewelry across Pakistan, increased by Rs 4,795 per 10 grams, settling at Rs 424,289 compared to Rs 419,494 the day before. These upward movements in gold prices have caught the attention of investors and consumers alike, signaling a renewed interest in the metal as a safe investment.
Silver prices, while not as dramatically affected, also experienced a modest uptick. The price per tola of silver rose by Rs 17 to Rs 8,931, and the cost of 10 grams increased by Rs 14, reaching Rs 7,656. This parallel rise in silver prices aligns with the broader trend of precious metals gaining value amid global uncertainties.
On the international front, gold prices climbed by $61, reaching $5,171 per kilogram, while silver edged up by $0.17 to $84.47 per kilogram. The surge in global bullion prices is largely attributed to escalating geopolitical tensions, particularly the intensifying air strikes conducted by the United States and Israel against Iran. These developments have heightened concerns over regional stability and economic uncertainty, prompting investors to seek refuge in traditional safe-haven assets like gold and silver.
Market analysts emphasize that the outlook for gold remains robust due to ongoing global economic instability and persistent demand for assets that can shield wealth from volatility. Gold’s intrinsic value, coupled with its limited availability and independence from government monetary policies, makes it a favored choice for hedging against inflation, currency depreciation, and unpredictable market swings. The metal’s reputation as a reliable store of value is reinforced during times of geopolitical conflict and economic turmoil.
Furthermore, the current environment of trade disputes, geopolitical friction, and financial market instability has led investors to move away from riskier assets such as stocks and speculative currencies. This shift has further bolstered demand for bullion, underscoring gold’s enduring role as both a symbol of wealth and a practical financial safeguard. As global uncertainties persist, gold continues to attract attention not only for its ornamental appeal but also for its strategic importance in protecting portfolios against economic shocks.
