Following a week of record-breaking highs, the bullion market in Pakistan experienced a significant correction on Friday, March 13, 2026. This downward trend follows a slight stabilization in the international market after the IEA announced a record strategic oil reserve release, which briefly calmed broader commodity “panic buying” associated with the war.
Local Price Breakdown (Pakistan)
The massive Rs 7,100 per tola drop is one of the largest single-day decreases in recent weeks, providing a slight reprieve for buyers who saw prices hit record highs just days ago.
| Metal | Unit | New Price (Mar 13) | Change (from Mar 12) |
| Gold (24K) | Per Tola | Rs 533,262 | -Rs 7,100 |
| Gold (24K) | 10 Grams | Rs 457,186 | -Rs 6,087 |
| Silver | Per Tola | Rs 8,851 | -Rs 324 |
| Silver | 10 Grams | Rs 7,588 | -Rs 278 |
International Bullion & Commodities
The global market is reacting to a “volatile stalemate” in the Middle East:
- Gold: Spot gold remains near $5,095.55, as investors still view it as a primary “safe haven” while the Strait of Hormuz remains closed.
- Oil Conflict: Despite the gold dip, energy remains high. Brent crude is hovering near $99.90/barrel, having surged 65% since the war began on February 28.
- Palladium/Platinum: Both industrial metals lost 1%, reflecting fears of a global manufacturing slowdown as energy costs impact factories in Europe and Asia.
Why the Prices Dropped Now
Market analysts suggest three main factors for this sudden local dip:
- Profit-Taking: Investors who bought gold at the start of the war (when it was around $2,000/oz) are liquidating some holdings to lock in massive profits.
- Oil Reserve Release: The 400-million-barrel IEA release has temporarily capped the “inflation fear” trade that was driving gold up alongside oil.
- Currency Volatility: As Pakistan enters a 3-day “Austerity Weekend,” the interbank exchange rate has stabilized slightly, reducing the “import cost” of gold.
i built a 2 agent system using OpenClaw and Monte Carlo simulation
> one agent predicts gold price
> second agent bets on polymarket
> second agent takes profit$1,400 → $17,900 in 72 hours
saw a market on polymarket: “Will gold hit $3,000 by March 15?”
price was sitting at… https://t.co/iHO9hmQvwv pic.twitter.com/BZRbQE7FAm
— ZER (@zerqfer) March 12, 2026
Investment Outlook for the Weekend
If you are planning to purchase gold for jewelry or investment in Faisalabad, keep in mind that local bullion markets follow the Karachi Sarafa Association rates. While Friday saw a drop, the ongoing war means volatility remains extremely high.
You May Like To Read: Petrol Hike Triggers Nationwide Surge in Ride and Transport Fares
Pro Tip: If the IMF mission (currently in virtual talks) announces any progress on the $1 billion tranche next week, it could further strengthen the PKR and lead to more stability in local gold prices.
Check out our latest video:
