Karachi, March 6, 2026: Gold prices in Pakistan continued their sharp decline on Friday, extending a four-day losing streak in which the precious metal has dropped by more than Rs30,000 per tola in the domestic bullion market.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola fell by Rs3,400 on Friday, closing at Rs533,762, compared with the previous day’s rate of Rs537,162.
The latest decline adds to the recent downward trend in gold prices. On March 2, 2026, gold was trading at Rs563,862 per tola, meaning the precious metal has lost around Rs30,100 within just four days.
Record High Earlier This Year
Despite the current correction, gold had reached a historic peak of Rs572,862 per tola on January 29, 2026, reflecting strong demand and global economic uncertainties earlier in the year.
The price of 24-karat gold per 10 grams also registered a notable decline on Friday, falling by Rs2,915 to Rs457,614, compared with the previous closing price of Rs460,529 in the local bullion market.
Global Market Trends Impact Local Prices
Analysts believe the continued drop in gold prices is linked to volatile global economic conditions and geopolitical tensions. Market sentiment has been influenced by developments in the Middle East, particularly escalating tensions involving Iran, which have shaken financial and commodity markets worldwide.
In the international market, gold prices declined by $34 per ounce, settling at $5,110, compared with the previous closing of $5,144 per ounce.
Market Outlook
Experts say that gold prices in Pakistan largely follow international market trends and currency movements. Continued geopolitical developments and global trade tensions may keep the bullion market volatile in the near term.
Traders are closely monitoring international commodity markets, as further shifts in global gold prices could influence the direction of the domestic market in the coming sessions.