Karachi, April 1, 2026 – Gold prices in Pakistan witnessed a sharp surge on Wednesday, climbing by Rs15,300 per tola in response to improving global market sentiment and easing geopolitical tensions in the Middle East.
According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24-karat gold per tola rose to Rs494,062, up from the previous day’s Rs478,762 in local bullion markets. Despite the latest increase, prices remain below the all-time high of Rs572,862 recorded on January 29, 2026.
Similarly, the rate of 24-karat gold per 10 grams surged by Rs13,117, reaching Rs423,578 compared to Rs410,461 a day earlier. The sharp upward movement reflects renewed investor interest in the precious metal.
Market analysts attributed the rally to a rebound in international gold prices, supported by optimism over a possible de-escalation of tensions linked to the Iran conflict. Investor sentiment improved after statements by Donald Trump suggesting that the conflict could conclude within weeks.
In global markets, gold prices jumped significantly by $153 per ounce, settling at $4,713 compared to $4,560 in the previous session. The increase in international prices directly influenced domestic bullion rates in Pakistan.
Experts noted that gold remains a preferred safe-haven investment during periods of uncertainty, and even slight geopolitical shifts can trigger strong price movements. The latest surge highlights the sensitivity of Pakistan’s gold market to global economic and political developments, making it a key indicator for investors and traders alike.