On Tuesday, March 31, 2026, gold prices in Pakistan experienced a notable rise, reflecting a broader upward movement in the international bullion market. The All Pakistan Sarafa Gems and Jewellers Association reported that the local price of gold per tola increased by Rs2,800, reaching Rs478,762 compared to Rs475,962 on the previous day.
Similarly, the price for 10 grams of 24-karat gold climbed by Rs2,401 to Rs410,461, up from Rs408,060. On the global front, gold prices rose by $28 to $4,560 per ounce, up from $4,532. Silver prices also followed this upward trend, with the per tola rate increasing by Rs260 to Rs7,784 from Rs7,524.
Market analysts link this surge to rising oil prices and escalating geopolitical tensions, particularly after recent airstrikes carried out by the United States and Israel against Iran. These developments have intensified global economic uncertainty, prompting investors to seek safer assets.
Experts remain optimistic about gold’s long-term prospects, emphasizing its role as a safe-haven asset during times of economic and political instability. They highlight gold’s intrinsic worth, limited availability, and independence from government or central bank interventions as crucial factors that make it a dependable hedge against inflation, currency devaluation, and market fluctuations.
Historically, periods marked by geopolitical conflicts and financial instability tend to push investors away from riskier investments like equities and speculative currencies, thereby increasing demand for precious metals. Gold continues to be valued not only for its ornamental appeal but also as a financial safeguard, with its attractiveness growing amid ongoing global uncertainties.
