The numbers

On March 16, 2026, the gold price in Pakistan was recorded at PKR 45,108.69 per gram, while the price per tola stood at PKR 526,135.70. This marks a significant decrease of Rs 1,800 per tola from the previous price of Rs 524,562, indicating a downward trend in the market.

In addition to the drop in gold prices, the cost of 10 grams of 24 karat gold decreased by Rs 1,543, bringing the total to PKR 448,184. Similarly, the price for 10 grams of 22 karat gold fell by Rs 1,414, now priced at PKR 410,850. These changes reflect the ongoing volatility in the gold market.

Silver prices also saw a decline, with the price per tola decreasing by Rs 100 to reach PKR 8,441. For those purchasing silver in smaller quantities, the price for 10 grams dropped by Rs 86, now at PKR 7,236. This trend in precious metals is consistent with recent fluctuations in the international market.

As of March 16, the international gold price had decreased by $18, settling at $5,000 per ounce. This decline follows a peak where gold reached an all-time high of $5,417.60 per ounce on January 28, 2026. The recent price adjustments in Pakistan appear to be influenced by these international market trends.

Gold is typically seen as a safe haven, especially in times of war and other crises. The fluctuations in gold prices can often reflect broader economic conditions and investor sentiment. In 2022, central banks added 1,136 tonnes of gold worth around $70 billion to their reserves, highlighting the ongoing demand for this precious metal.

Gold prices in Pakistan are updated daily based on market rates, which means that consumers and investors must stay informed about the latest changes. The current decline may prompt some to reconsider their investment strategies in precious metals.

As the market continues to evolve, observers are keenly watching for further developments in both local and international gold prices. Details remain unconfirmed regarding potential future trends, but the recent decreases suggest a cautious approach may be warranted for those involved in the gold market.