Gold prices record sharp increase in Pakistan — April 3, 2026

KARACHI: Gold prices in Pakistan surged on Friday, April 3, 2026, in line with an upward trend in the global bullion market, according to the All Pakistan Sarafa Gems and Jewellers Association.

The price of 24-karat gold per tola increased by Rs3,400, reaching Rs490,362 compared to Rs486,962 on the previous day.

Similarly, the price of 10 grams of 24-karat gold rose by Rs2,915 to Rs420,406 from Rs417,491, while 10 grams of 22-karat gold increased by Rs2,673 to Rs385,386 from Rs382,713.

In the international market, gold prices climbed by $34, reaching $4,676 from $4,642, the association reported.

Meanwhile, the price of silver per tola increased by Rs160 to Rs7,794 from Rs7,634, while the price of 10 grams of silver rose by Rs138 to Rs6,682 from Rs6,544.

Globally, silver prices also increased by $1.60 to $73.10 from $71.50.

Analysts attribute the rise in gold prices to increasing oil prices and escalating geopolitical tensions, particularly following airstrikes involving the United States and Israel against Iran, which have heightened global economic uncertainty.

Market experts remain bullish on gold in the long term, citing its status as a safe-haven asset during periods of economic and political instability.

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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.

Historically, geopolitical tensions and financial instability tend to push 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 ongoing global uncertainty.