Karachi witnessed a significant drop in gold prices on Saturday, March 14, 2026, as the local bullion market reacted to a notable downturn in global gold rates. This decline marks the second day in a row that gold prices have fallen across Pakistan, signaling increased volatility in precious metal trading. The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) confirmed that the price of 24-karat gold per tola decreased substantially by Rs8,700, settling at Rs524,562 compared to Rs533,262 recorded during the previous trading session.
In addition to the tola measurement, the price for 10 grams of 24-karat gold also experienced a steep fall, dropping by Rs7,459 to close at Rs449,727 from Rs457,186. This downward trend was not limited to gold alone; silver prices also took a hit, with rates plunging by Rs310 to Rs8,541 per tola. These sharp declines reflect the broader uncertainty gripping both local and international markets.
On the global front, gold prices fell by $87, reaching $5,018 per ounce, a movement closely linked to escalating geopolitical tensions and economic concerns. Analysts have pointed to rising oil prices as a key factor driving this volatility, which has been exacerbated by intensified airstrikes conducted by the United States and Israel targeting Iran. These developments have heightened fears over regional stability, thereby influencing investor sentiment worldwide.
Despite the recent slump, market experts maintain a positive outlook on gold’s long-term prospects. They emphasize gold’s enduring reputation as a safe-haven asset, especially during periods of global economic uncertainty. The metal’s intrinsic value, coupled with its limited availability and independence from government or central bank interventions, continues to make it a preferred choice for hedging against inflation, currency devaluation, and market fluctuations.
Furthermore, geopolitical unrest, ongoing trade disputes, and volatile financial markets often drive investors away from riskier assets such as stocks and speculative currencies. This shift in investment patterns tends to increase demand for gold, reinforcing its role not just as a decorative commodity but as a crucial financial safeguard. As global political and economic uncertainties persist, the allure of gold as a stable store of value remains strong, underscoring its significance in diversified investment portfolios.
