Gold prices in Pakistan saw a big and sudden rise on March 1, 2026. The price of one tola (11.66 grams) of 24-karat gold increased by Rs. 13,300 in a single day, reaching a new high of Rs. 564,000. This sharp jump surprised traders, jewelers, and ordinary people who buy gold for savings, weddings, or Eid.
The All Sindh Sarafa Jewellers Association and other market groups confirmed the new rate. In some cities like Karachi and Lahore, the price even touched Rs. 565,000 for a short time before settling at Rs. 564,000. Ten tola bars also went up by around Rs. 133,000, making them cost over Rs. 5.64 million.
Experts say the main reasons for this increase are:
- Gold prices on the international market rose strongly.
- The Pakistani rupee weakened a little against the US dollar.
- People are buying more gold because of fear of inflation and economic uncertainty.
- Demand usually goes up before Eid and wedding season.
Many families and investors are now worried. Gold is a popular way to save money in Pakistan, but the high price makes it hard for middle-class people to buy. Some jewelers said sales slowed down because customers are waiting to see if prices will come down again.
Traders advise people to be careful. They say gold prices can change quickly, so anyone planning to buy or sell should watch the market closely. Analysts believe the upward trend may continue in the short term if global prices stay high and the rupee remains under pressure.
This sudden rise reminds everyone how closely Pakistan’s gold market follows world trends and local currency changes. For many, gold is more than jewelry — it is a way to protect savings during difficult times.
