Gold prices in Pakistan witnessed a sharp increase on Sunday, March 8, 2026, as the local bullion market experienced strong volatility following a rally in international markets. The latest surge pushed gold prices to one of the highest levels recorded in recent weeks, reflecting strong demand for the precious metal amid rising regional tensions and global economic uncertainty.
According to market data, the price of gold per tola increased by Rs6,100 in a single day, reaching Rs539,862. The sudden jump came after a brief decline in the previous trading session. Just a day earlier, on Friday, the price of gold had dropped by Rs3,400 per tola, settling at Rs533,762 before the market quickly reversed its direction.
The price of 10 grams of gold also recorded a significant increase in the domestic bullion market. It climbed by Rs5,230 and reached Rs462,844. Traders in major gold markets across cities such as Karachi, Lahore, and Islamabad reported strong fluctuations in rates throughout the day as global market trends influenced local trading activity.
The rise in Pakistan’s gold prices closely followed developments in the international market. Globally, the price of gold surged by $61 per ounce, pushing the rate to $5,171 per ounce, which includes a $20 premium. Analysts say global investors are increasingly shifting toward gold as a safe-haven asset due to geopolitical tensions and financial uncertainty in several regions.
In the local market, prices for different gold purity levels also increased. The rate for 22-karat gold per tola reached Rs478,958, while 21-karat gold was recorded at Rs457,187 per tola. Meanwhile, 18-karat gold was priced at Rs391,875 per tola. Similarly, the price per gram for 22-karat gold stood at Rs41,063, reflecting the overall upward trend in the bullion market.
Silver prices also experienced a moderate rise alongside gold. The price of silver increased by Rs17 per tola, bringing the rate to Rs8,931 in Pakistan’s bullion market. Although the increase in silver was smaller compared to gold, the rise indicates a broader upward trend in precious metal prices.
Market experts believe that fluctuations in international bullion markets, currency movements, and geopolitical developments will continue to influence gold prices in Pakistan. Investors and traders often turn to gold during times of uncertainty, which increases demand and pushes prices higher both globally and in the local market.
Also read: Gold Prices Decline Sharply in Pakistan
