Karachi, March 12, 2026: Gold prices in Pakistan witnessed a notable decline on Thursday, falling by Rs2,900 per tola as international commodity markets remained volatile.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola decreased to Rs540,362, compared with the previous day’s closing rate of Rs543,262 in local bullion markets.
Despite the latest decline, gold prices in Pakistan remain historically high. The precious metal had previously reached an all-time high of Rs572,862 per tola on January 29, 2026, reflecting strong global demand and economic uncertainty.
Gold Prices in Pakistan Today
| Gold Type | Latest Price | Previous Price | Change |
| 24K Gold (Per Tola) | Rs540,362 | Rs543,262 | -Rs2,900 |
| 24K Gold (10 Grams) | Rs463,273 | Rs465,759 | -Rs2,486 |
The price of 24-karat gold per 10 grams also dropped by Rs2,486, settling at Rs463,273, compared with Rs465,759 recorded a day earlier.
Global Gold Market Impact
Market experts in the bullion trade linked the decline in domestic gold prices to fluctuations in the international gold market.
The price of gold in global markets fell by $29 per ounce, closing at $5,176, down from the previous session’s $5,205 per ounce.
Analysts said ongoing geopolitical tensions, particularly the crisis in the Middle East, along with global trade disputes, have created uncertainty in commodity markets, leading to sharp fluctuations in gold prices worldwide.
They noted that since Pakistan’s bullion rates are largely influenced by international prices and the rupee-dollar parity, local gold prices often move in line with global market trends.