Karachi, March 17, 2026 – Gold prices in Pakistan witnessed a modest recovery on Tuesday, ending a four-day losing streak as the precious metal gained Rs1,000 per tola in local bullion markets.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola rose to Rs523,762, compared to the previous day’s closing of Rs522,762.
The rebound comes after a sustained decline over four consecutive sessions through March 16, during which gold prices cumulatively dropped by Rs20,500 per tola. Despite the recent dip, gold remains significantly below its all-time high of Rs572,862 per tola, recorded on January 29, 2026.
Similarly, the price of 24-karat gold per 10 grams increased by Rs857, reaching Rs449,041, up from Rs448,184 a day earlier.
Global Trends Influence Local Market
Bullion market experts attribute the latest price movement to volatility in international markets. Ongoing geopolitical tensions, particularly involving Iran, have created uncertainty across global commodity markets, including gold.
In the international market, gold prices also showed an upward trend, rising by $10 per ounce to reach $5,010, compared to the previous close of $5,000.
Outlook for Gold Prices
Analysts believe that continued geopolitical instability and fluctuations in global markets may keep gold prices volatile in the near term. Investors often turn to gold as a safe-haven asset during uncertain times, which could support prices despite short-term corrections.
The latest recovery offers some relief to investors and traders, though market participants remain cautious amid ongoing global uncertainties.