KARACHI, March 9, 2026: Gold prices in Pakistan witnessed a sharp decline on Monday, falling by Rs6,500 per tola as international bullion markets experienced downward pressure amid fluctuating global demand and geopolitical uncertainties.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola dropped to Rs533,362, compared to the previous closing of Rs539,862 in the local bullion markets. The latest decline reflects the direct impact of weakening international prices on Pakistan’s precious metals market.
Despite the recent correction, gold prices remain historically elevated. The precious metal had surged to an all-time high of Rs572,862 per tola on January 29, 2026, driven by strong global demand for safe-haven assets during heightened geopolitical tensions and economic uncertainty.
Similarly, the price of 24-karat gold per 10 grams fell significantly by Rs5,573, settling at Rs457,271, down from the previous rate of Rs462,844 in domestic markets.
Bullion traders and market analysts attributed the decline primarily to the downturn in global gold prices. According to experts, ongoing regional conflicts, trade disputes, and shifting investor sentiment have created volatility in the international commodities market, influencing bullion rates worldwide.
In the global market, gold prices declined by $65 per ounce, settling at $5,106, compared with the previous closing of $5,171 per ounce. Analysts believe that fluctuations in the international market will continue to shape gold price trends in Pakistan in the coming weeks.
Market participants remain cautious as investors closely monitor global economic developments and geopolitical tensions that could further influence bullion demand and pricing.