Gold falls to Rs540,362 per tola
Gold prices in Pakistan declined on March 12 following a drop in international bullion rates.Gold prices in Pakistan fell on Thursday, March 12, 2026, according to figures issued by the All Pakistan Sarafa Gems and Jewellers Association.
The association reported a decline in both domestic bullion rates and international gold prices.The price of 24-karat gold per tola was recorded at Rs540,362, showing a decrease of Rs2,900 compared with the previous rate.
The decline reflects a drop in international gold prices and changes linked to interbank exchange rates used for local price calculations.Similarly, the price of 24-karat gold per 10 grams was fixed at Rs463,273 on the same day.
This represented a decrease of Rs2,486 from the earlier level, according to the association’s daily rate sheet released Thursday.Prices of 22-karat gold also moved lower in the domestic market.
The rate for 10 grams of 22-karat gold was set at Rs424,682, down by Rs2,279 compared with the previous trading session.The association said the domestic gold price calculation is based on interbank exchange rates.
It also reflects movements in international bullion markets, which influence local prices through import parity.International gold prices also recorded a decline during the same period.
The association reported the international gold price at $5,176, showing a decrease of $29 from the previous level.Silver prices in Pakistan also moved lower on Thursday. The price of 24-karat silver per tola was recorded at Rs9,175, showing a decline of Rs179 compared with the earlier rate.The price of 24-karat silver per 10 grams was set at Rs7,866.
This marked a drop of Rs153 from the previous session, according to the association’s data.International silver prices also decreased during the day. The rate was reported at $86.91, reflecting a decline of $1.79.The bullion rates announced by the association are based on purity levels of 999 and 24 karats.
These rates are widely used by gold traders and jewellers across Pakistan as benchmark prices for the retail market.Muhammad Qasim Shikarpuri, president of the All Pakistan Sarafa Gems and Jewellers Association, endorsed the daily bullion rate notification. Gold Prices Rise Sharply Across Pakistan
The association regularly issues these price updates to guide jewellers, traders, and consumers in the country’s bullion market.The latest decline in gold and silver prices reflects fluctuations in international precious metals markets and exchange rate movements affecting the domestic bullion trade in Pakistan.