Gold prices record sharp increase in Pakistan — April 1, 2026

KARACHI: Gold prices in Pakistan surged on Wednesday, April 1, 2026, in line with an upward trend in the global bullion market, the All Pakistan Sarafa Gems and Jewellers Association reported.

In the local market, gold prices recorded a significant increase, with the per tola rate rising by Rs15,300 to Rs494,062, compared to Rs478,762 on the previous trading day.

Similarly, the price of 10 grams of 24-karat gold climbed by Rs13,177 to Rs423,578, up from Rs410,461.

In the international market, gold prices jumped by $153 to $4,713 per ounce, compared to $4,560, according to the association.

Silver prices also followed an upward trend, with the per tola rate increasing by Rs200 to Rs7,984, up from Rs7,784.

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

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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.

They point to gold’s intrinsic value, limited supply, and independence from government or central bank policies as key factors that make it a reliable hedge against inflation, currency depreciation, and market volatility.

Historically, such geopolitical tensions and financial instability tend to drive 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.