Karachi, March 20, 2026 – The All Pakistan Sarafa Gems and Jewelers Association has released the latest gold and silver rates for Friday, March 20, 2026, providing updated benchmarks for traders and the general public amid ongoing market volatility.
According to the latest data, precious metal prices in Pakistan have recorded a notable decline, in line with falling international rates and currency fluctuations. Gold prices continued their downward trend, while silver also posted moderate losses in both local and global markets.
The decline in bullion prices follows fluctuations in the international market, where gold and silver have come under pressure due to shifting investor sentiment and global economic uncertainty.
Latest Gold and Silver Prices (March 20, 2026)
| Commodity | Price | Change |
| Gold (24K per tola) | Rs491,362 | – Rs8,100 |
| Gold (24K per 10 grams) | Rs421,263 | – Rs6,945 |
| Gold (22K per 10 grams) | Rs386,171 | – Rs6,367 |
| Gold (per ounce – global) | $4,687 | – $81 |
| Silver (24K per tola) | Rs7,684 | – Rs50 |
| Silver (24K per 10 grams) | Rs6,587 | – Rs43 |
| Silver (per ounce – global) | $72.00 | – $0.50 |
Market Analysis
Bullion experts note that local gold and silver prices are closely tied to international market trends and the exchange rate dynamics. The rates are influenced by the interbank foreign exchange parity issued by the State Bank of Pakistan, making them sensitive to fluctuations in the Pakistani rupee against the US dollar.
Recent declines in global gold prices, coupled with easing demand, have contributed to the downward movement in domestic bullion rates. Analysts expect continued volatility in the coming days as geopolitical developments and currency movements shape investor behavior.
Investors and buyers are advised to closely monitor daily price updates, as rapid shifts in global markets may lead to further fluctuations in local bullion rates.