Karachi, March 3, 2026 – Gold prices in Pakistan fell sharply on Tuesday, dropping by Rs13,900 per tola, as investors shifted focus to other commodities amid escalating tensions in the Middle East.
According to the All Pakistan Sarafa Gems and Jewelers Association (APSGJ), the 24-karat gold price per tola closed at Rs549,962, down from Rs563,862 on Monday.
• The price of 24-karat gold per 10 grams also decreased by Rs11,917, ending at Rs471,503 from the previous day’s Rs473,420.
• Gold in Pakistan had previously reached an all-time high of Rs572,862 per tola on January 29, 2026.
Reasons Behind the Gold Price Decline
Bullion market experts linked the drop in domestic gold prices to declining trends in the international markets. Key factors include:
1. Geopolitical tensions in the Middle East – Recent attacks by the US and Israel on Iran created global market uncertainty.
2. Rising energy prices – Attacks on oil and gas facilities in Saudi Arabia and Qatar boosted energy costs, prompting investors to move funds from gold to commodities like oil.
3. International gold price decline – Global gold prices fell $139 per ounce, ending at $5,272 from the previous day’s $5,411.
Experts say that the combination of geopolitical instability and shifts in investor sentiment is responsible for the significant decline in Pakistan gold prices.