Karachi, March 7, 2026 – Gold prices in Pakistan surged sharply on Saturday, rising by Rs6,100 per tola as investors shifted towards the precious metal amid increasing geopolitical tensions in the Middle East and volatility in global financial markets.
According to bullion market data, the price of 24-karat gold per tola increased to Rs539,862, up from the previous day’s closing of Rs533,762 in local markets. The latest rise comes after gold prices had declined for four consecutive sessions earlier this week.
Despite the recent rebound, prices remain below the all-time high of Rs572,862 per tola, which was recorded on January 29, 2026, when global safe-haven demand had also surged.
Similarly, the price of 24-karat gold per 10 grams rose by Rs5,230, reaching Rs462,844 compared with Rs457,614 recorded a day earlier in domestic bullion markets.
Bullion traders and market analysts attributed the strong increase in local gold prices to rising trends in international markets. They noted that investors worldwide are increasingly turning to gold as a safe-haven asset amid escalating tensions in the Middle East and uncertainty in global economic conditions.
Gold traditionally performs well during periods of geopolitical instability and financial market uncertainty, as investors look for assets that can preserve value.
In the global market, gold prices climbed by $61 per ounce, closing at $5,171, compared with $5,110 in the previous trading session.
Market experts believe that continued geopolitical risks and fluctuations in currency markets could keep gold prices volatile in the coming days, with investors closely monitoring developments in the Middle East and movements in the international bullion market.