Gold prices in Pakistan experienced a significant surge on Monday, March 30, 2026, reflecting heightened global economic uncertainty and escalating geopolitical tensions. Ary News reported that according to the All Pakistan Sarafa Gems and Jewellers Association, the precious metal’s value climbed sharply in both domestic and international markets, reinforcing its status as a preferred safe-haven asset during turbulent times.
The domestic market witnessed a notable increase, with the per tola rate of 24-karat gold rising by Rs3,900 to reach Rs475,962, up from Rs472,062 on the previous trading day. Similarly, the price for 10 grams of gold increased by Rs3,343 to Rs408,060 from Rs404,717. This upward movement mirrored trends in the international bullion market, where gold prices rose by $39 to $4,532 per ounce, compared to $4,493 previously.
Market analysts attribute this volatility to multiple factors, including rising oil prices and recent geopolitical developments. The escalation of tensions in the Middle East, particularly following airstrikes involving the United States and Israel against Iran, has created an environment of heightened uncertainty. Historically, such conflicts drive investors away from riskier assets like equities and toward more stable investments like gold.
Silver prices also saw an increase, with the per tola rate rising by Rs70 to Rs7,524 from Rs7,454. However, gold remains the primary focus for investors seeking protection against inflation and currency depreciation. Experts emphasize gold’s intrinsic value, limited supply, and independence from government monetary policies as key factors that make it a reliable hedge. As a traditional safe-haven asset, gold tends to perform well during periods of economic instability.
The broader economic context includes concerns about global inflation and potential currency fluctuations, which further bolster demand for bullion. In Pakistan, where the economic landscape faces its own challenges, gold continues to serve both as an ornamental asset and a financial safeguard. Market watchers remain bullish on gold’s long-term prospects, citing ongoing global uncertainties that are likely to sustain investor interest.
As geopolitical risks persist and economic indicators remain mixed, gold’s appeal is expected to strengthen. For now, the precious metal’s surge highlights its enduring role in portfolios seeking stability amid volatility.
Source: ARY News