Karachi: Gold prices recorded a significant increase across Pakistan on Saturday, March 7, 2026, reflecting an upward trend in the global bullion market. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), both gold and silver rates moved higher as international prices strengthened and geopolitical tensions continued to influence investor behavior.
Sharp Rise in Gold Rates Across Local Markets
Data released by the association showed that the price of 24-karat gold per tola surged by Rs 6,100, reaching Rs 539,862 on Saturday. A day earlier, the same quantity had closed at Rs 533,762, indicating a strong jump in local bullion markets.
Similarly, the price of 10 grams of 24-karat gold climbed by Rs 5,230, rising to Rs 462,844 compared with Rs 457,614 in the previous session.
Meanwhile, 10 grams of 22-karat gold also registered an increase, gaining Rs 4,795 to settle at Rs 424,289, up from Rs 419,494, according to APSGJA figures.
Silver Prices See Modest Increase
Alongside gold, silver prices also recorded a slight upward movement in domestic markets.
The rate of silver per tola increased by Rs 17, bringing the price to Rs 8,931. Similarly, 10 grams of silver rose by Rs 14, reaching Rs 7,656.
Although the increase in silver was relatively smaller compared with gold, the metal continued to follow the general trend of strengthening global bullion prices.
International Bullion Market Also Moves Higher
The increase in local gold rates followed an upward trend in the global bullion market. Global gold rates rose by $61 per kilogram, pushing the price to approximately $5,171 per kilogram.
Silver also experienced a slight rise globally, increasing by $0.17 to reach around $84.47 per kilogram.
Market analysts say fluctuations in international prices directly influence local bullion markets, which is why domestic rates often follow global trends closely.
Geopolitical Tensions Driving Demand for Gold
Experts attribute the recent rally in gold prices to growing geopolitical tensions, particularly reports of escalating US-Israeli air strikes targeting Iran. The developments have raised concerns about regional instability and potential economic disruptions.
Such geopolitical uncertainties typically lead investors to shift their focus toward safe-haven assets, including gold, which is widely regarded as a stable store of value during turbulent times.
Why Investors Turn to Gold in Uncertain Times
Financial analysts note that gold maintains its appeal during periods of economic and political volatility due to several key factors.
Unlike many financial assets, gold has intrinsic value and a limited supply, making it less vulnerable to policy decisions made by governments or central banks. Because of this, investors often use gold as a hedge against inflation, currency depreciation, and market instability.
When tensions rise globally—whether due to geopolitical conflicts, trade disputes, or economic downturns—investors frequently move their funds away from high-risk assets such as equities or speculative currencies and into more stable commodities like bullion.
Gold’s Enduring Role as a Financial Safe Haven
For centuries, gold has symbolized wealth and financial security. While it remains a popular choice for jewelry and ornaments, it also plays a crucial role in global investment strategies.
In periods of heightened uncertainty, demand for gold often strengthens as individuals, institutions, and governments seek to protect their wealth. With ongoing geopolitical and economic concerns across several regions, analysts believe gold could continue to attract strong investor interest in the coming months.
