Gold Prices in Pakistan Drops by Rs6,500 to Rs533,362
Gold prices in Pakistan opened the new business week on a negative note, experiencing a significant decline on Monday, March 9, 2026, in line with the falling trend in the international market . According to data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola fell by Rs6,500, closing at Rs533,362 .
Similarly, the price of 10 grams of 24-karat gold decreased by Rs5,573 to Rs457,271, while 10 grams of 22-karat gold went down by Rs5,109 to Rs419,180 .
Gold Prices in Pakistan
Today’s Gold and Silver Rates in Pakistan (March 9, 2026)
Metal & Purity Unit Price (PKR) Change
- Gold (24K) Per Tola Rs533,362 -Rs6,500
- Gold (24K) 10 Grams Rs457,271 -Rs5,573
- Gold (22K) 10 Grams Rs419,180 -Rs5,109
- Silver (24K) Per Tola Rs8,894 -Rs37
- Silver (24K) 10 Grams Rs7,625 -Rs31
Source: All Pakistan Sarafa Gems and Jewellers Association (APSGJA)
Read Also Here: Silver Price Today Surges to Record High on War Fears
International Market Impact
The decline in domestic prices mirrors significant movements in the international market. Globally, the price of gold fell by $65 per ounce, reaching $5,106 per ounce . This drop is attributed to a stronger US dollar, which makes greenback-priced bullion more expensive for holders of other currencies, and higher energy costs that fuel inflation concerns and dim the prospects for near-term interest rate reductions .
Spot gold was down 1.5% at $5,091.02 per ounce, after falling more than 2% earlier in the session . Silver also declined internationally by $0.37 to $84.10 per ounce .
Market Context and Volatility
The Rs6,500 drop on March 9 follows a volatile week for gold prices in Pakistan:
- March 8 (Saturday): Gold had gained Rs6,100 per tola to reach Rs539,862
- March 7 (Friday): Gold had dropped by Rs3,400 per tola, settling at Rs533,762
- 3-Day Pattern: Prices have shown significant swings, reflecting global market uncertainty
Traders expect bullion prices to remain volatile in the coming days, largely depending on global market movements, currency fluctuations, and geopolitical developments affecting investor demand for safe-haven assets . Pakistan’s gold and silver rates are largely influenced by international bullion prices and exchange rate movements, with the local pricing mechanism closely tied to the interbank foreign exchange rates issued by the State Bank of Pakistan .
PSX Decline and Broader Economic Context
The Pakistan Stock Exchange (PSX) also recorded a massive decline on Monday, with the KSE-100 index plunging over 11,000 points (a 6.99% drop) as the escalating Middle East conflict triggered a massive sell-off amid policy rate concerns .
Meanwhile, a dramatic escalation of war in the Middle East triggered a global energy shock, pushing oil prices above $100 per barrel for the first time in nearly four years and rattling financial markets around the world . The surge comes amid intensifying military strikes involving the US and Israel against Iran, raising fears that one of the world’s most critical energy supply routes could remain blocked for weeks .
Analysis by Best Pak Mag
The Rs6,500 drop in gold prices today represents a significant correction after Saturday’s gains. Despite the decline, gold remains historically elevated—the precious metal had surged to an all-time high of Rs572,862 per tola on January 29, 2026, driven by strong global demand for safe-haven assets during heightened geopolitical tensions .
The current volatility reflects the complex interplay of international market forces and domestic economic conditions. The stronger US dollar is exerting downward pressure on bullion prices globally, while higher energy costs are fueling inflation concerns that typically support gold demand . This creates an interesting tension in the market.
For Pakistani investors, today’s rates present a more affordable entry point compared to the recent highs. However, with ongoing uncertainty in the Middle East, global economic instability, and currency fluctuations, gold is likely to remain volatile in the coming days . Those considering purchases should monitor both international cues and the rupee-dollar parity, as both factors significantly influence domestic bullion prices.
Analysts maintain that the outlook for gold remains positive due to ongoing global economic instability and sustained demand for safe-haven assets . Gold’s intrinsic value, limited supply, and relative independence from government or central bank policies make it a reliable hedge against inflation, currency depreciation, and broader market volatility .
Read More Here :
