KARACHI – Gold prices in Pakistan dropped significantly on Tuesday, March 3, 2026. The decline followed a fall in the international bullion market, according to the All Pakistan Sarafa Gems and Jewellers Association.
The price of 24-karat gold per tola decreased by Rs13,900. It settled at Rs549,962 in the local market. Meanwhile, the rate for 10 grams of 24-karat gold fell by Rs11,917. It closed at Rs471,503.
Silver prices also recorded a sharp decline. The per tola rate of silver dropped by Rs1,146. It reached Rs8,904.
In the global market, gold also saw a major dip. International gold prices decreased by $139 per ounce. The new rate stood at $5,272 per ounce. The fall in global rates directly impacted Gold prices in Pakistan.
Market analysts said that despite the recent drop, the overall outlook remains positive. They believe that long-term trends still support rising Gold prices. Ongoing global economic uncertainty is one key factor.
Experts say gold remains a preferred safe-haven asset. Investors often turn to bullion during uncertain times. Gold is seen as a hedge against inflation and currency weakness.
Analysts also highlighted gold’s limited supply and intrinsic value. Unlike paper currencies, gold is not directly controlled by central banks. This makes it attractive during financial instability.
Geopolitical tensions are also influencing market behavior. Armed conflicts, trade disputes, and global volatility are increasing investor caution. During such periods, many investors reduce exposure to risky assets.
As a result, demand for bullion often increases. This demand usually supports Gold prices even when markets face stress.
Gold has long been viewed as a symbol of wealth and security. It is valued both as jewelry and as a financial safeguard. In recent years, its safe-haven appeal has grown stronger.
In other news read more about Gold Prices Soar in Pakistan: One Tola Rises by Rs13,300
Both institutional and retail investors continue to monitor market trends closely. While short-term fluctuations are expected, analysts believe gold will remain a key investment option in uncertain times.
