Karachi, March 25, 2026 – Gold prices in Pakistan have witnessed a sharp surge of Rs31,500 per tola over the past two days, driven by shifting global sentiment and renewed investor activity in the bullion market.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola rose by Rs15,200 on Wednesday, reaching Rs479,262, compared to the previous day’s closing of Rs464,062. This marks the second consecutive daily increase, following a gain of Rs16,300 recorded a day earlier.
Similarly, the price of 24-karat gold per 10 grams increased by Rs13,031 to settle at Rs410,889, up from Rs397,858 in the domestic market. Despite the recent rally, gold prices remain below their all-time high of Rs572,862 per tola, recorded on January 29, 2026.
Bullion market experts attribute the sudden spike in local gold prices to improving investor confidence amid signs of easing geopolitical tensions in the Gulf region. Reports of potential negotiations by the United States to de-escalate the Iran conflict have influenced market sentiment, prompting increased buying interest in precious metals.
Interestingly, while domestic gold prices surged, international gold rates showed a mixed trend. In global markets, gold prices moved to around $4,565 per ounce, reflecting volatility influenced by geopolitical developments and currency movements.
Analysts note that Pakistan’s gold market often reacts sharply to international price movements and exchange rate fluctuations, making it highly sensitive to global economic and political developments.