KARACHI: Gold prices in Pakistan dropped significantly on Thursday, March 19, 2026, ahead of Eid ul Fitr. The decline follows trends in the international bullion market, the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported.
The price of 24-karat gold per tola fell by Rs24,300, closing at Rs499,462. Meanwhile, 10 grams of 24-karat gold declined by Rs20,833, settling at Rs428,208. Silver prices also dipped, losing Rs760 per tola and reaching Rs7,734.
In the international market, gold prices fell by $243 to $4,767 per ounce. Analysts link this volatility to rising oil prices and ongoing US and Israeli airstrikes on Iran, which have heightened geopolitical and economic uncertainty.
Experts noted that despite the short-term fall, gold prices remain attractive as a long-term investment. Gold is widely considered a safe-haven asset, offering protection against inflation, currency fluctuations, and global market instability. Its limited supply and intrinsic value make it independent of government or central bank policies, enhancing its appeal for investors seeking security.
Market observers said geopolitical tensions and trade disputes often push investors away from riskier assets like equities and speculative currencies. This shift increases demand for gold, both for investment and as a financial safeguard.
The APSGJA emphasized that gold prices are likely to stabilize after short-term fluctuations, with continued interest from both domestic and international buyers. Jewellery demand typically rises before major festivals like Eid, which could support prices in the coming weeks.
Analysts advise investors to monitor gold prices closely but remain confident in bullion’s long-term role as a hedge against economic and political uncertainty. Gold continues to hold strong appeal not only as an ornamental asset but also as a reliable store of value.
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In summary, falling gold prices present short-term opportunities, while long-term trends suggest continued investor confidence in bullion amid global uncertainties.
