Karachi, March 19, 2026 – The All Pakistan Sarafa Gems and Jewelers Association has released the latest gold and silver prices for Thursday, reflecting a sharp decline in both precious metals amid global market volatility. The updated rates provide guidance for traders, investors, and the general public across Pakistan.
According to the association, gold prices in the domestic market have witnessed a significant drop following a downturn in international bullion markets. Similarly, silver prices also recorded notable losses, tracking global trends.
Gold and Silver Rates – March 19, 2026
| Commodity | Rate | Change |
| Gold (24K per tola) | Rs499,462 | – Rs34,300 |
| Gold (24K per 10 grams) | Rs428,208 | – Rs20,833 |
| Gold (22K per 10 grams) | Rs392,538 | – Rs19,097 |
| Gold (per ounce – global) | $4,767 | – $243 |
| Silver (24K per tola) | Rs7,734 | – Rs760 |
| Silver (24K per 10 grams) | Rs6,630 | – Rs652 |
| Silver (per ounce – global) | $72.50 | – $7.60 |
Market Analysis
Market experts attribute the sharp decline in gold and silver prices to ongoing geopolitical tensions and global trade disputes, which have created uncertainty in international markets. Fluctuations in the US dollar and profit-taking by investors have also contributed to the downward trend.
It is important to note that local bullion prices are closely linked with the interbank exchange rates issued by the State Bank of Pakistan (SBP). Any movement in the Pakistani Rupee against the US Dollar directly impacts domestic gold and silver prices.
Analysts expect continued volatility in the coming days as global economic conditions remain uncertain and investors react to rapidly changing market dynamics.