KARACHI: On Tuesday, March 10, 2026, gold prices in Pakistan experienced a significant uptick, reflecting a broader upward movement in the international bullion market. The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) confirmed that the price of 24-karat gold per tola jumped by Rs6,200, closing at Rs539,562 compared to Rs533,362 recorded on the previous trading day. This sharp increase underscores the growing demand and heightened investor interest amid uncertain global conditions.
In addition to the tola measurement, the price for 10 grams of 24-karat gold also saw a notable rise, climbing by Rs5,316 to close at Rs462,587, up from Rs457,271. This parallel increase in different gold weight categories highlights the widespread impact of international market trends on local prices. Silver prices followed a similar trajectory, with the per tola rate increasing by Rs460 to reach Rs9,354, compared to Rs8,894 the day before, indicating a broader surge in precious metals.
The international gold market mirrored these gains, with prices soaring by $62 to settle at $5,168 per ounce. This surge is largely attributed to escalating geopolitical tensions, particularly the recent intensification of air strikes by the United States and Israel targeting Iran. These developments have injected a fresh wave of uncertainty into global economic and political landscapes, prompting investors to seek refuge in traditionally safer assets like gold.
Experts analyzing the current scenario emphasize that gold’s outlook remains robust amid ongoing economic instability worldwide. They point out that gold’s inherent qualities—such as its intrinsic value, finite supply, and relative detachment from direct government or central bank interventions—make it a preferred hedge against inflation, currency devaluation, and broader financial market volatility. This intrinsic resilience is especially valuable during periods marked by geopolitical conflicts, trade tensions, and fluctuating market confidence.
Furthermore, the recent spike in oil prices has compounded inflationary pressures and economic uncertainty, further driving demand for gold. Investors often retreat from riskier assets like equities and speculative currencies during such times, turning instead to bullion as a reliable store of value. Historically, gold has not only symbolized wealth and prosperity but also served as a financial safeguard, a role that has only grown more pronounced in the face of persistent global economic and political challenges.
In summary, the sharp rise in gold and silver prices in Pakistan on March 10, 2026, is a direct reflection of complex international dynamics. The combination of geopolitical unrest, rising oil prices, and global economic instability continues to bolster gold’s appeal as a safe-haven investment, reinforcing its status as both a cultural and financial cornerstone in Pakistan and beyond.
