Gold prices in Pakistan remained largely stable on March 18, 2026, with only minor fluctuations reported in both local and international bullion markets.
According to data shared by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold stood around Rs523,762 per tola, showing little to no change compared to the previous trading session.
Similarly, the rate for 10 grams of 24K gold hovered near Rs449,000, reflecting stability in domestic markets. Meanwhile, 22-karat gold was recorded at approximately Rs411,600 per 10 grams, maintaining a steady trend.
Market analysts say that gold prices in Pakistan are currently moving in line with global trends, where investors are showing cautious behaviour due to economic uncertainty and upcoming financial policy decisions in major economies.
Despite slight day-to-day variations, overall prices have remained within a narrow range this week. Some reports indicated minor increases of around Rs1,000 per tola earlier, but the market quickly stabilised afterwards.
Experts highlight that gold prices in Pakistan are directly linked to international bullion rates and the value of the Pakistani rupee against the US dollar. Any fluctuation in global gold prices or currency exchange rates immediately impacts local markets.
In cities like Karachi, Lahore, and Islamabad, gold rates generally remain uniform, although small differences can occur due to local demand and transportation costs. The Karachi Sarafa Market continues to serve as the benchmark for nationwide pricing.
Gold remains a preferred investment option in Pakistan, especially during times of economic uncertainty. Many investors turn to gold as a safe haven to protect their wealth against inflation and currency depreciation.
However, jewellery traders say consumer demand has remained slightly subdued due to high prices, with buyers preferring lightweight ornaments or delaying purchases altogether.
Overall, the market is currently stable but sensitive to global developments. Analysts believe that any major shift in international markets or currency trends could quickly push gold prices either upward or downward in the coming days.