Precious metals decline sharply in local and international markets
The All Pakistan Sarafa Gems and Jewelers Association on Friday released updated gold and silver rates for May 15, 2026, showing a broad decline across domestic and global markets.
According to the latest data, gold and silver prices dropped significantly in both Pakistani rupee terms and international dollar markets amid continued volatility in global commodities trading.
Gold 24-karat per tola was recorded at Rs476,862, marking a decrease of Rs15,500 compared with the previous session.
The price of gold 24-karat per 10 grams fell to Rs408,832, down by Rs13,289, while 22-karat gold per 10 grams declined to Rs374,776, reflecting a drop of Rs12,182.
In international markets, gold per ounce slipped to $4,545, down $155 from the previous day.
Silver prices also recorded sharp losses. The price of 24-karat silver per tola dropped to Rs8,232, down Rs833, while silver per 10 grams declined to Rs7,057, also losing Rs833.
Globally, silver prices fell to $77.48 per ounce, marking a decline of $9.72.
Market analysts said the decline in precious metals was driven by easing safe-haven demand, profit-taking by investors, and shifting expectations around global interest rates and inflation trends.
They added that since Pakistan relies heavily on imported bullion, local prices continue to mirror movements in international markets.
Despite the daily fall, analysts noted that gold and silver remain elevated compared with historical averages due to ongoing macroeconomic uncertainty.