On Friday, April 3, 2026, gold prices in Pakistan experienced a notable increase, mirroring the upward momentum seen in the international bullion market. The All Pakistan Sarafa Gems and Jewellers Association reported that the price of 24-karat gold per tola climbed by Rs3,400, reaching Rs490,362, up from Rs486,962 the previous day.
Similarly, the cost of 10 grams of 24-karat gold rose by Rs2,915 to Rs420,406 from Rs417,491, while 10 grams of 22-karat gold saw an increase of Rs2,673, moving to Rs385,386 from Rs382,713. On the global stage, gold prices advanced by $34, reaching $4,676 from $4,642.
Meanwhile, silver prices also showed upward movement. The price per tola increased by Rs160 to Rs7,794 from Rs7,634, and 10 grams of silver rose by Rs138 to Rs6,682 from Rs6,544. Globally, silver gained $1.60, climbing to $73.10 from $71.50.
Analysts link the surge in gold prices to rising oil costs and escalating geopolitical tensions, particularly following airstrikes conducted by the United States and Israel against Iran. These developments have contributed to heightened economic uncertainty worldwide.
Market experts maintain a positive outlook on 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 value, limited availability, and independence from government or central bank policies as key reasons for its reliability as a hedge against inflation, currency devaluation, and market fluctuations.
Historically, periods marked by geopolitical strife and financial instability tend to drive investors away from riskier assets like equities and speculative currencies, boosting demand for bullion. Gold continues to serve not only as a decorative commodity but also as a financial safeguard, with its appeal strengthening amid ongoing global uncertainties.
