Karachi, March 29, 2026 – Gold prices in Pakistan recorded a significant decline over the past week, falling by Rs19,300 per tola amid shifting global market trends and easing international bullion rates.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola dropped to Rs472,062 by March 28, 2026, compared to Rs491,362 recorded on March 20. This sharp correction reflects the impact of declining international gold prices and changing investor sentiment.
Similarly, the price of 24-karat gold per 10 grams witnessed a notable decrease of Rs16,546, settling at Rs404,717, down from Rs421,263 a week earlier. Despite the recent dip, gold prices remain historically high, considering they reached an all-time peak of Rs572,872 per tola on January 29, 2026.
Market analysts in the bullion sector attribute the downward trend to fluctuations in the global economy. Ongoing geopolitical tensions in the Middle East and persistent global trade uncertainties have kept gold prices volatile in recent weeks. However, a temporary easing in international demand has contributed to the latest decline.
In the global market, gold prices fell by $193 per ounce, closing at $4,493 on March 28, compared to $4,686 a week earlier. Experts suggest that any further shifts in geopolitical developments, inflation expectations, and currency movements could continue to influence gold prices in Pakistan.
Investors are advised to closely monitor international trends, as local gold rates remain highly sensitive to global market dynamics.