Gold Prices Rise by Rs1,000 in Pakistan Breaking Four-Day Losing Streak
After four consecutive days of decline, gold price rose by Rs1,000 per tola in Pakistan on Tuesday, March 17, 2026, according to data released by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA) . The price of 24-karat gold settled at Rs523,762 per tola, recovering from Monday’s low of Rs522,762 .
This increase follows a $10 per ounce rise in international markets, where gold reached $5,010 per ounce amid renewed geopolitical tensions and supply concerns in the Middle East .
Today’s Gold Price in Pakistan March 17 2026
Gold prices rise by Rs1,000 with the following official rates recorded on Tuesday:
Metal & Purity Unit Price PKR Change
- Gold 24K Per Tola Rs523,762 +Rs1,000
- Gold 24K 10 Grams Rs449,041 +Rs857
- Gold 22K 10 Grams Rs411,635 +Rs785
- Silver 24K Per Tola Rs8,569 +Rs128
- Silver 24K 10 Grams Rs7,346 +Rs110
Source: All-Pakistan Gems and Jewelers Sarafa Association (APGJSA)
Read Also Here: Gold Price Drops Near Rs 5.2 Lac per Tola in Pakistan
Four-Day Losing Streak Ends
Tuesday’s increase breaks a sustained period of decline that had seen gold lose significant value. The recent price action illustrates the extreme volatility currently gripping the Pakistani bullion market:
- March 13 Friday: Gold dropped by Rs7,100 per tola to Rs533,262
- March 14 Saturday: Gold plunged by Rs8,700 per tola to Rs524,562
- March 15 Sunday: Markets closed (weekly holiday)
- March 16 Monday: Gold fell by another Rs1,800 to Rs522,762
- March 17 Tuesday: Gold rebounds by Rs1,000 to Rs523,762
International Market Impact
The domestic rebound mirrors movements in international bullion markets. Globally, the price of gold rose by $10 per ounce on Tuesday to reach $5,010 per ounce . Spot gold was up 0.2% at $5,013.71 per ounce as of 0644 GMT, while US gold futures for April delivery rose 0.3% to $5,018.10 .
Analysts attribute the international rebound to renewed geopolitical tensions and reduced concerns about extended disruptions to oil supply . Iran’s Foreign Minister Abbas Araqchi stated on Monday that the Strait of Hormuz is not closed to everyone, with some vessels successfully sailing through the critical strait . However, oil held above $100 per barrel as the US-Israeli war against Iran kept the strait largely shut, stranding tankers for weeks in what experts describe as the biggest disruption to global supplies on record .
Silver Also Rebounds
Following the trend in gold, silver prices also registered significant gains in the domestic market. On Tuesday, 24-karat silver rose by Rs128 per tola to Rs8,569, while 10 grams increased by Rs110 to Rs7,346 . In international markets, spot silver rose 0.3% to $80.97 per ounce .
Geopolitical Context Driving Volatility
The sharp reversal in gold prices comes amid ongoing tensions in the Middle East. The conflict involving US-Israeli strikes against Iran continues to create uncertainty in global markets. US President Donald Trump has pressed Iran to hold negotiations for a nuclear deal, while Tehran has threatened retaliation against the US, Israel, and allies .
Analysts attribute the recent volatility to rising oil prices amid escalating airstrikes, which have heightened geopolitical and economic uncertainty . Experts note that gold’s enduring appeal as a safe-haven asset during periods of global instability continues to support prices despite short-term fluctuations .
Expert Analysis on Future Direction
Market analysts suggest that while gold prices rise by Rs1,000 on Tuesday, the overall trend remains uncertain. The prevailing tensions between Iran and the US could drive further gains if geopolitical risks escalate .
Experts remain bullish on gold in the long term, citing its enduring value as a safe-haven asset amid global economic instability. They note that gold’s intrinsic value, limited supply, and independence from government or central bank policies make it a reliable hedge against inflation, currency depreciation, and market volatility .
Geopolitical tensions, trade disputes, and financial instability often drive investors away from riskier assets—such as equities and speculative currencies—thereby increasing demand for bullion . Gold continues to serve not only as an ornamental asset but also as a financial safeguard, with its appeal strengthening amid persistent global economic and political uncertainty.
Analysis by Best Pak Mag:
The fact that gold prices rise by Rs1,000 on Tuesday after a four-day losing streak totaling Rs17,600 demonstrates the extreme volatility currently gripping global and domestic bullion markets . This sharp reversal highlights the complex dynamics at play—while profit-taking had driven prices down, renewed geopolitical tensions in the Middle East quickly reversed the trend . The $10 per ounce international increase, combined with ongoing concerns about Strait of Hormuz closures and oil prices above $100 per barrel, created the perfect conditions for a rebound . At Rs523,762, gold remains well below the all-time highs seen earlier in the year, but the Rs520,000 level appears to have held as support. Silver’s parallel gain of Rs128 per tola confirms broad-based buying rather than metal-specific factors. For Pakistani investors, this volatility underscores both the risks and opportunities in precious metals. Those who bought at Monday’s lows are already seeing paper gains, while those waiting for further declines may need to reassess. The coming days will likely see continued sensitivity to Middle East headlines, US dollar movements, and global risk sentiment. As always, diversification and a clear understanding of one’s risk tolerance remain essential for navigating these turbulent markets.
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