KARACHI – Gold prices in Pakistan rose sharply on Tuesday, March 10, 2026, following a surge in international bullion markets, the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported.
The price of 24-karat gold per tola increased by Rs6,200, reaching Rs539,562, compared with Rs533,362 on Monday. Similarly, 10 grams of 24-karat gold climbed by Rs5,316, closing at Rs462,587, up from Rs457,271.
Silver prices also moved higher. Per tola silver rose by Rs460, settling at Rs9,354, compared with Rs8,894 a day earlier.
On the international market, gold prices surged by $62, reaching $5,168 per ounce. Analysts attributed the rise to global economic uncertainty and geopolitical tensions in the Middle East. Recent U.S. and Israeli air strikes against Iran have increased oil prices and created market volatility, boosting demand for safe-haven assets such as gold.
Experts said the outlook for gold prices remains positive. They highlighted gold’s intrinsic value, limited supply, and relative independence from government or central bank policies. Investors often turn to bullion to protect against inflation, currency depreciation, and stock market fluctuations.
Geopolitical risks and trade disputes continue to support investor interest in gold. When markets become volatile, demand for precious metals increases, as investors seek security over riskier assets like equities or speculative currencies.
Historically regarded as a symbol of wealth, gold continues to hold financial and cultural importance in Pakistan. Analysts expect that with ongoing global uncertainty, both domestic and international demand for gold may remain strong.
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The recent increase in gold prices reflects a combination of geopolitical tension, rising oil prices, and economic instability worldwide. This trend is likely to influence consumer and investor behavior in Pakistan and beyond.
