Karachi, March 15, 2026 – Gold and silver prices in Pakistan witnessed a notable decline during the week ended March 14, 2026, as both local and global market factors influenced the metals sector. According to the All Pakistan Sarafa Gems and Jewelers Association (APSJA), across-the-board reductions were recorded for key gold and silver benchmarks.
| Commodity | March 14, 2026 | March 7, 2026 | Change |
| Gold 24-karat per tola | Rs524,562 | Rs539,862 | -Rs15,300 |
| Gold 24-karat per 10 grams | Rs449,727 | Rs462,844 | -Rs13,117 |
| Gold 22-karat per 10 grams | Rs412,264 | Rs424,289 | -Rs12,025 |
| Gold per ounce global | $5,018 | $5,171 | -$153 |
| Silver 24-karat per tola | Rs8,541 | Rs8,931 | -Rs390 |
| Silver 24-karat per 10 grams | Rs7,322 | Rs7,656 | -Rs334 |
| Silver per ounce global | $80.57 | $84.47 | -$3.90 |
Note: Local gold and silver prices are linked with prevailing interbank foreign exchange rates released by the State Bank of Pakistan (SBP).
Market analysts attribute the weekly fall to a combination of global uncertainty and currency volatility. The ongoing U.S.–Israel attacks on Iran, which began on February 28, 2026, have disrupted oil and trade flows across the Middle East, creating a cautious global investment environment. Investors traditionally turn to gold and silver as safe-haven assets during geopolitical turmoil. However, sharp fluctuations in global currency markets and declining demand from key importers have temporarily pressured prices downward.
Analysts also noted that the Pakistani rupee’s relative strength against the dollar this week contributed to the local drop in gold prices, as imported gold became marginally cheaper in rupee terms. Silver, often more sensitive to industrial demand, saw a similar trend as uncertainty in Middle Eastern trade slowed regional manufacturing and jewelry consumption.
Experts warn that if tensions in the Middle East escalate further, gold and silver prices could rebound sharply, as investors seek safe-haven assets amid market instability. For now, the market remains cautious, with traders monitoring both global metals prices and local currency trends closely.
Gold and Silver Prices Fall in Pakistan Amid Middle East Tensions – March 2026
Gold and silver prices in Pakistan dropped this week, influenced by U.S.–Israel attacks on Iran, currency movements, and global market uncertainty.