KARACHI: Gold prices in Pakistan registered a notable decline on Friday, March 6, 2026, in line with a downward trend 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 Rs3,400, bringing the new rate to Rs533,762. Similarly, the price of 10 grams of 24-karat gold dropped by Rs2,915, settling at Rs457,614.
Meanwhile, silver prices moved in the opposite direction. The price per tola of silver increased by Rs104 to reach Rs8,914, while the rate for 10 grams rose by Rs89, reaching Rs7,642.
In the global market, gold prices fell by $34 per ounce to $5,110, while silver gained $1.04 per ounce to stand at $84.30, the association reported.
Market analysts attributed the drop in gold prices to the strengthening of the US dollar, which made dollar-denominated commodities more expensive for international buyers. The stronger currency offset the usual safe-haven demand triggered by rising geopolitical tensions, particularly the ongoing US-Israeli air strikes on Iran.
Despite the short-term decline, experts maintain that gold’s long-term outlook remains positive. They highlight persistent global economic uncertainty and continued investor interest in safe-haven assets as key factors supporting bullion demand.
Analysts also emphasised that gold’s limited supply, intrinsic value, and independence from government or central bank policies make it a dependable hedge against inflation, currency depreciation, and broader financial instability.
Amid geopolitical conflicts, trade tensions, and volatile financial markets, investors often shift funds from high-risk assets such as equities and speculative currencies toward safer investments like precious metals.
Gold has historically symbolised wealth and financial security and continues to serve both as an ornamental commodity and a protective investment during periods of global economic and political uncertainty.
