Pakistan’s Forex Reserves: The State Bank of Pakistan reported an increase in the country’s foreign exchange reserves, reaching $21.6 billion as of March 6, 2026. This rise is attributed to a $41 million boost in the central bank’s holdings, which now stand at $16.34 billion.
The Pakistani rupee showed a marginal appreciation of 0.01% against the US dollar, closing at 279.32 in the inter-bank market, compared to the previous rate of 279.35. Meanwhile, commercial banks hold reserves of $5.26 billion.
Gold prices in Pakistan saw a significant drop, aligning with international market trends as investors reacted to shifting global commodity dynamics. The price per tola decreased by Rs2,900, settling at Rs540,362, while 10 grams of gold fell by Rs2,486 to Rs463,273, according to the All-Pakistan Gems and Jewellers Sarafa Association.
This decline follows a previous surge in gold prices, with international rates dropping $29 to $5,176 per ounce. Analysts, including Adnan Agar from Interactive Commodities, attribute this to rising oil prices, which are expected to continue influencing gold’s trajectory.
Agar warned that if gold prices close between $5,000 and $5,020, there is a strong likelihood of a further decline to $4,700. With oil prices predicted to strengthen next week, the market could see continued downward pressure on bullion.
Published in SouthAsianDesk, March 14, 2026
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