KARACHI: Following a period of record-breaking highs, gold prices in Pakistan witnessed a massive reversal on Tuesday, dropping by thousands of rupees per tola in line with global market trends.
According to data released by the All Pakistan Bullion Gems and Jewellers Association, the price of 24-karat gold per tola decreased significantly by Rs 13,900, bringing the new domestic rate to Rs 549,962. This sharp correction comes just one day after the precious metal reached an all-time high of Rs 563,862.
The price of 10 grams of 24-karat gold also saw a major decline, falling by Rs 11,917 to settle at Rs 471,503. Market experts attribute this local downturn to a substantial drop in the international market, where gold prices plunged by $139 to reach $5,272 per ounce.
Economic analysts suggest that the strengthening of the U.S. dollar and profit-selling by investors at record levels have placed downward pressure on bullion. Silver prices also decreased today, with the per-tola rate falling by Rs 1,146 to Rs 8,904.
The sudden price drop has led to increased activity in local bullion markets as buyers return to the scene after days of stagnant business caused by record-high prices. However, market sources warn that volatility is likely to continue due to global economic fluctuations and geopolitical tensions in the Middle East.
Gold & Silver Rates Table – March 3, 2026
| Item | Purity | Price (PKR) | Change |
| Gold (per Tola) | 24-Karat | Rs 549,962 | ▼ Rs 13,900 |
| Gold (10 Grams) | 24-Karat | Rs 471,503 | ▼ Rs 11,917 |
| Gold (10 Grams) | 22-Karat | Rs 432,211 | ▼ Rs 10,924 |
| Silver (per Tola) | 24-Karat | Rs 8,904 | ▼ Rs 1,146 |
| Silver (10 Grams) | 24-Karat | Rs 7,634 | ▼ Rs 983 |
