Gold and Silver Price in Pakistan Today: March 20, 2026
The gold and silver price in Pakistan witnessed another sharp decline on Friday, March 20, 2026, extending the losing streak as global markets continued their sell-off. According to data released by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), 24-karat gold per tola fell by Rs8,100 to settle at Rs491,362, while 10 grams dropped by Rs6,945 to Rs421,263 .
This marks the eighth consecutive day of losses for the precious metal, following Thursday’s massive Rs24,300 plunge that had brought gold below the Rs500,000 mark .
Today’s Gold and Silver Price in Pakistan (March 20, 2026)
Metal & Purity Unit Price PKR Change
- Gold 24K Per Tola Rs491,362 -Rs8,100
- Gold 24K 10 Grams Rs421,263 -Rs6,945
- Gold 22K 10 Grams Rs386,210* -Rs6,365*
- Silver 24K Per Tola Rs7,684 -Rs50
- Silver 24K 10 Grams Rs6,587 -Rs43
- 22K rate calculated as approximately 91.67% of 24K rate
Read Also Here: Gold Price in Pakistan Today March 18 2026 Stable
International Market Impact
The domestic decline mirrored significant movements in international bullion markets. Globally, the price of gold fell by $81 per ounce to reach $4,686 per ounce . This follows Thursday’s sharp drop when international gold had plunged by $243 to $4,767, as US gold futures for April delivery dropped 5.4% .
Analysts attribute the sustained decline to a shift in investor sentiment as escalating tensions in the Middle East pushed oil prices above $110 per barrel, intensifying inflationary pressures . The surge in energy prices has reinforced expectations that major central banks, including the US Federal Reserve, may keep interest rates higher for longer to contain inflation, reducing the appeal of non-yielding assets like gold .
Silver Also Declines
The gold and silver price in Pakistan both moved downward on Friday. Silver per tola fell by Rs50 to Rs7,684, while 10 grams decreased by Rs43 to Rs6,587 . This follows Thursday’s sharp Rs760 drop in silver prices .
Recent Price Volatility
The current decline represents a dramatic reversal from earlier in the month. Gold has now fallen for eight consecutive sessions, with cumulative losses exceeding Rs45,000 per tola:
Date Gold Rate (24K Per Tola) Change
- March 13 Rs533,262 -Rs7,100
- March 14 Rs524,562 -Rs8,700
- March 16 Rs522,762 -Rs1,800
- March 17 Rs523,762 +Rs1,000
- March 18 Rs523,762 Unchanged
- March 19 Rs499,462 -Rs24,300
- March 20 Rs491,362 -Rs8,100
Analyst Commentary
“Gold is now a very widely held position for institutional investors, largely driven by the debasement trade over the past year. However, the foundations of that trade are now weakening,” said Daniel Ghali, Commodity Strategist at TD Securities .
Experts have attributed the recent dip in gold prices in global market to a dramatic sell-off as investors began taking profits after the precious metal reached all-time highs . However, they caution that the decline may not continue indefinitely, as the prevailing tensions between Iran and the US could quickly reverse the trend .
Market Outlook
The combination of elevated oil prices, persistent inflationary risks, and a hawkish central bank outlook has reduced the appeal of non-yielding assets like gold, leading to the recent sell-off in both global and domestic markets . Market participants are closely monitoring geopolitical developments, including potential US military reinforcements in the Middle East, which could further influence commodity prices and monetary policy expectations .
Analysis by Best Pak Mag:
The gold and silver price in Pakistan has now entered a sustained correction phase, with gold falling by Rs8,100 per tola on Friday to reach Rs491,362—a staggering cumulative decline of over Rs45,000 per tola from earlier this month . This marks the eighth consecutive session of losses, driven by a perfect storm of factors: a strengthening US dollar, fading expectations of interest rate cuts, and institutional profit-taking after gold’s historic rally . The breach of the Rs500,000 psychological barrier on Thursday triggered further selling momentum, pushing prices toward the Rs490,000 level. International markets have followed suit, with gold dropping to $4,686 per ounce, its lowest since early February . Silver’s parallel decline—down Rs50 per tola to Rs7,684—confirms broad-based selling across precious metals . For Pakistani investors, this correction presents both risk and opportunity. While short-term traders may face continued volatility, long-term buyers could view these levels as attractive entry points, particularly if geopolitical tensions in the Middle East escalate and reverse the current trend . The coming days will reveal whether gold finds support near Rs490,000 or continues its descent toward Rs480,000. As always, investors should monitor international cues and dollar movements closely.
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