Karachi, March 5, 2026: Gold prices in Pakistan declined on Thursday, falling by Rs2,800 per tola following a downturn in international bullion markets, according to the All Pakistan Sarafa Gems and Jewelers Association.
The association reported that the price of 24-karat gold per tola dropped to Rs537,165, compared with the previous day’s closing of Rs539,962 in local bullion markets. Despite the recent decline, gold prices remain near historic highs. The precious metal had reached an all-time high of Rs572,862 per tola on January 29, 2026 in Pakistan.
Similarly, the price of 24-karat gold per 10 grams also registered a notable decrease. It fell by Rs2,401, closing at Rs460,529 compared to Rs462,930 recorded a day earlier in the domestic market.
Market analysts and bullion traders attributed the drop in local prices to the downward movement in global gold markets. They noted that fluctuations in international prices directly impact the domestic bullion market due to Pakistan’s reliance on global price benchmarks.
Experts added that ongoing geopolitical tensions and global trade disputes have kept gold markets highly volatile in recent weeks. Investors worldwide continue to monitor economic and political developments, which often influence demand for safe-haven assets such as gold.
In the international market, gold prices declined by $28 per ounce, settling at $5,144, compared with the previous closing of $5,172 per ounce.
Analysts believe that any further changes in global economic conditions, currency movements, and geopolitical developments could continue to influence gold prices in Pakistan in the coming days.