Gold prices in Pakistan dropped to their lowest in four months on March 23, 2026—day three of Eid al-Fitr—following global market trends, reports the All Pakistan Sarafa Gems and Jewellers Association.

24-karat gold per tola fell Rs43,600 to Rs447,762 (previously Rs491,362), while 10 grams now costs Rs383,883 after a Rs37,380 decline. Silver per tola eased Rs800 lower to Rs6,884.

Gold Prices Hit 4-Month Low in Pakistan on Eid Holiday

Globally, gold sank $436 to $4,250 per ounce. Analysts point to oil prices near $100/barrel from US-Israel strikes on Iran and Strait of Hormuz issues, sparking rate hike fears that hurt gold’s safe-haven status as investors cash out amid stock market falls.