Local bullion rates rise as global uncertainty and inflation fears support safe-haven demand
KARACHI, May 21, 2026 — Gold prices in Pakistan rose on Wednesday as global bullion markets strengthened amid renewed inflation concerns and geopolitical uncertainty.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold increased by Rs5,000 per tola to Rs475,362 compared with the previous day’s closing.
The association said 10-gram gold prices also rose by Rs4,287 to Rs407,546 in local markets.
Gold prices in Pakistan have remained highly volatile since the start of heightened US-Iran tensions in early 2026. The metal previously touched an all-time high of Rs572,862 per tola on January 29, 2026, reflecting strong safe-haven demand.
Market participants said domestic prices continue to track international trends, where gold rose by around $50 to $4,530 per ounce.
Bullion dealers said ongoing global inflation risks, shifting interest rate expectations and geopolitical instability are supporting demand for safe-haven assets such as gold.
Analysts added that volatility is likely to persist in the near term, with prices sensitive to global economic indicators and developments in international conflict zones.
Market experts said investors are closely watching global central bank policy signals, as any shift in interest rates could further influence gold demand and price volatility in coming sessions.
