Karachi, March 24, 2026 – Gold prices in Pakistan witnessed a sharp rebound on Tuesday, climbing by Rs16,300 per tola amid improving global sentiment and hopes of de-escalation in tensions involving Iran.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola surged to Rs464,062, up from the previous closing of Rs447,762 in local bullion markets. This marks the first increase after three consecutive sessions of decline, during which gold prices had cumulatively dropped by Rs76,000 per tola.
Despite the recent volatility, gold prices remain significantly below their all-time high of Rs572,864 per tola recorded on January 29, 2026. Market participants are closely monitoring global developments as geopolitical factors continue to influence price trends.
Similarly, the price of 24-karat gold per 10 grams rose by Rs13,975, reaching Rs397,858 compared to Rs383,883 a day earlier. The upward movement reflects renewed investor confidence in international markets.
Bullion experts attributed the rebound to positive signals emerging from global political developments, particularly remarks by Donald Trump regarding potential talks with Iran aimed at easing Middle East tensions. These developments have improved investor sentiment, triggering a recovery in gold prices worldwide.
In the international market, gold prices surged by $163 per ounce to settle at $4,413, compared to the previous close of $4,250. Analysts believe that easing geopolitical risks and shifting investor behavior have contributed to the renewed upward momentum.
Experts caution that gold prices may remain volatile in the coming days, depending on further geopolitical developments and global economic indicators.