On Thursday, March 26, 2026, gold prices in Pakistan experienced a notable decline, mirroring movements in the international bullion market. The All Pakistan Sarafa Gems and Jewellers Association reported that the price of 24-karat gold per tola decreased by Rs11,000, settling at Rs468,262 compared to Rs479,262 the previous day.
Similarly, the cost of 10 grams of 24-karat gold fell by Rs9,430 to Rs401,459 from Rs410,889. The price for 10 grams of 22-karat gold also dropped by Rs8,644, closing at Rs368,017 from Rs376,661. Silver prices followed this downward trend, with the per tola rate declining by Rs340 to Rs7,484, and the price for 10 grams of silver falling by Rs291 to Rs6,416.
Meanwhile, on the global stage, gold prices decreased by $110 to $4,455 from $4,565, while silver prices dropped by $3.40 to $70.00. Market analysts linked this volatility to rising oil prices and heightened geopolitical tensions, particularly after recent airstrikes conducted by the United States and Israel against Iran, which have amplified uncertainty in the global economy.
In a significant development, experts maintain a positive outlook on gold over the long term, highlighting its status as a safe-haven asset during times of instability. They stress that gold’s inherent value, limited availability, and independence from government or central bank interventions make it an effective hedge against inflation, currency devaluation, and market fluctuations.
Analysts further observe that geopolitical conflicts, trade disagreements, and financial market instability typically prompt investors to move away from riskier assets like equities and speculative currencies, thereby boosting demand for precious metals. Gold continues to serve not only as a decorative commodity but also as a financial safeguard, with its appeal growing stronger amid ongoing global economic and political uncertainties.
