Gold prices in Pakistan saw a major drop after Eid, surprising investors and buyers across the country. On March 23, 2026, the price of 24-karat gold per tola fell by a massive Rs43,600, settling at Rs447,762. This sharp decline marks the lowest level in nearly four months, reflecting changes in both local and international markets.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of 24-karat gold also dropped significantly by Rs37,380, reaching Rs383,883. Just before Eid, the same rate stood much higher, showing how quickly the market has shifted in a few days.
Silver prices followed a similar trend. The rate per tola decreased by Rs800, bringing it down to Rs6,884. This overall fall in precious metal prices has caught the attention of traders and the public alike.
Globally, gold prices also experienced a steep decline. In the international market, gold dropped by $436 per ounce, settling at $4,250. Analysts say this fall is linked to rising geopolitical tensions and economic uncertainty.
Recent developments involving United States, Israel and Iran have increased pressure on global markets. Airstrikes and conflicts have pushed oil prices higher, especially after disruptions in the Strait of Hormuz, a key route for global oil supply.
Higher oil prices often lead to inflation, increasing the cost of transport and goods. While gold is usually seen as a safe investment during inflation, rising interest rates can reduce its demand, causing prices to fall.
Experts believe that this mix of global tension, oil price hikes and changing economic policies has created uncertainty in the gold market. As a result, prices have dropped both internationally and locally.
For buyers, this may be a good opportunity to invest, while sellers may choose to wait for market recovery. The coming days will be important in deciding the future trend of gold prices.