Gold prices surge past 5 lakh in Pakistan after four-day pause (Nation.com.pk)
On Tuesday evening March 18th gold and silver markets saw a modest increase following an extended gap. The All-Pakistan Sarafa Gems & Jewellers Association reported that the price of per tola rose by Rs2,043 reaching ₹567k compared with its previous trading day closing at RS₅₂₁K on Monday morning March 18th in line trends seen globally where gold hit $9.
Key Points
-
1Gold prices in Pakistan rose on March 17 following a four-day pause and aligned with international market trends.
-
2The price of 24-karat gold per tola increased by Rs. 1,000 to reach Rs523,762 according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).
-
3International markets also saw an increase in global bullion prices.
-
4The price of a standard gram or specific weight units like 'Rs84' was mentioned as increasing alongside per-to-la rates.
Developments
According to Pakistan's All Gems and Jewellers Association (AGJA), domestic bullion markets saw a slight increase with 24-carat gold rising Rs837 from its previous price of Rs69, in the local market while silver prices also increased. Meanwhile international rates for one ounce rose by $10 per oz to reach an all-time high at USD5,
On the morning of Wednesday (March 8), gold prices rose to Rs.543 per gram and reached a peak at over $9 million for an ounce on Monday evening before settling back down by Tuesday afternoon, according to data from GoldPrice.org.com as well as reports published in Dunya News Business Recorder The Express Tribune samaa tv Profit By Pakistan Today
Gold prices in Pakistan rose by Rs1,000 per tola on March 17, closing at Rs523,762 due to international market trends driven by rising oil costs from US-Israel airstrikes against Iran. Analysts attribute this increase and the broader global volatility as a safe-haven asset response to geopolitical uncertainty rather than ornamental demand alone.
Gold and silver prices rose globally after four days without trading due to geopolitical tensions between Iran's US-Israeli war keeping oil above $100/barrel while the Strait remains partially open. Simultaneously, Pakistan posted an annual current account deficit of $700 million in 8MFY26 as import growth outpaced exports despite strong remittance inflows and a previous surplus last year.