Bullion market declines as international gold and silver rates weaken amid easing safe-haven demand and profit-taking pressure
Gold and silver prices in Pakistan declined on May 26, 2026 in line with a downward trend in international bullion markets, according to rates issued by the All Pakistan Sarafa Gems and Jewelers Association.
The price of 24-karat gold per tola fell by Rs2,400 to settle at Rs475,362 compared to the previous day’s closing of Rs477,762 in the local bullion markets.
Similarly, silver prices also recorded a notable decline in both domestic and international markets amid weaker global precious metal sentiment.
Gold and Silver Prices in Pakistan – May 26, 2026
| Commodity | Price | Change |
| Gold 24-karat per tola | Rs475,362 | – Rs2,400 |
| Gold 24-karat per 10 grams | Rs407,546 | – Rs2,057 |
| Gold 22-karat per 10 grams | Rs373,597 | – Rs1,886 |
| Gold per ounce (global) | $4,530 | – $24 |
| Silver 24-karat per tola | Rs8,117 | – Rs153 |
| Silver 24-karat per 10 grams | Rs6,959 | – Rs131 |
| Silver per ounce (global) | $76.33 | – $1.53 |
Market analysis
Bullion market analysts attributed the decline in gold and silver prices to profit-taking in international markets and easing safe-haven demand after recent record highs.
The reduction in global gold prices directly impacted domestic bullion rates in Pakistan, as local prices are largely linked with international market movements and the rupee-dollar exchange rate.
Experts noted that despite the latest decline, gold prices remain historically elevated due to ongoing geopolitical uncertainty, inflation concerns and central bank buying trends worldwide.
Traders said volatility in international commodity markets and expectations regarding interest rate policies of major central banks continue to influence precious metal prices globally.
Meanwhile, local jewellers observed that high gold prices have affected consumer demand in Pakistan, particularly for jewellery purchases ahead of the wedding season, while investment demand for bullion remains relatively strong.
Silver prices also moved lower alongside gold, reflecting broader weakness in global precious metals trading and industrial demand concerns.
