Precious metals decline in line with global market trends, says bullion association
May 20, 2026 — Gold and silver prices in Pakistan fell across all major categories on Wednesday, reflecting a decline in international bullion markets, according to data released by the All Pakistan Sarafa Gems and Jewelers Association.
Gold prices
• 24-karat gold per tola: Rs470,362 (down Rs6,800)
• 24-karat gold per 10 grams: Rs403,259 (down Rs5,830)
• 22-karat gold per 10 grams: Rs369,667 (down Rs5,344)
• Global gold price per ounce: $4,480 (down $68)
Silver prices
• 24-karat silver per tola: Rs7,974 (down Rs125)
• 24-karat silver per 10 grams: Rs6,836 (down Rs107)
• Global silver price per ounce: $74.90 (down $1.25)
Market participants said the decline in local bullion rates was driven by weakness in global precious metals markets, where prices remained under pressure due to shifting investor sentiment and international economic signals.
Analysts noted that both gold and silver continue to experience volatility, with prices closely tracking global market movements and currency fluctuations.
Despite the latest drop, bullion traders said demand for precious metals remains sensitive to geopolitical uncertainty and inflation expectations worldwide.
Jewelry traders and investors are expected to keep monitoring international bullion trends, currency movements, and central bank policies, which may continue to influence gold and silver prices in Pakistan in coming sessions.
