Karachi, March 29, 2026 – Precious metals in Pakistan witnessed a notable downward trend during the week ended March 28, 2026, as both gold and silver prices declined in line with global market movements.
According to the All Pakistan Sarafa Gems and Jewelers Association, domestic bullion rates dropped significantly due to easing international prices and currency fluctuations. Market experts attribute this decline to reduced global demand and shifting investor sentiment amid ongoing geopolitical and economic uncertainties.
Weekly Gold and Silver Price Trend
| Commodities | March 28, 2026 | March 20, 2026 | Change |
| Gold 24K per tola | Rs472,062 | Rs491,362 | – Rs19,300 |
| Gold 24K per 10 grams | Rs404,717 | Rs421,263 | – Rs16,546 |
| Gold 22K per 10 grams | Rs371,004 | Rs386,171 | – Rs15,167 |
| Gold per ounce (global) | $4,493 | $4,686 | – $193 |
| Silver 24K per tola | Rs7,454 | Rs7,684 | – Rs230 |
| Silver 24K per 10 grams | Rs6,390 | Rs6,587 | – Rs197 |
| Silver per ounce (global) | $69.70 | $72.00 | – $2.30 |
The data highlights a consistent decline across both local and international markets, with gold recording the steepest drop over the week.
Market Analysis
Analysts note that local gold and silver prices are closely linked to international bullion trends and currency exchange rates. The State Bank of Pakistan (SBP) interbank rates play a crucial role in determining domestic prices, making them sensitive to fluctuations in the Pakistani rupee against the US dollar.
Despite the weekly decline, prices remain relatively high compared to historical levels. Experts suggest that continued volatility in global markets, especially due to geopolitical tensions and trade uncertainties, may keep precious metal prices unstable in the near term.