Domestic gold rates increased on Thursday in line with gains in the international bullion market, while silver prices declined both locally and globally.

KARACHI: Gold prices in Pakistan posted modest gains on Thursday, July 16, 2026, following an uptick in the international bullion market, where gold traded above the $4,030-an-ounce mark. In contrast, silver prices weakened in both domestic and global markets.

According to market data, the price of 24-karat gold per tola increased by Rs400 to Rs425,436, compared with Rs425,036 recorded a day earlier.

Similarly, the price of 24-karat gold per 10 grams rose by Rs343 to Rs364,742 from Rs364,399 on July 15. The price of 22-karat gold per 10 grams was recorded at Rs334,044.

The upward movement in Pakistan’s bullion market mirrored international trends, where gold prices edged up to $4,030 per ounce, compared with $4,026 per ounce in the previous trading session.

While gold continued to strengthen, silver prices came under pressure. The price of 24-karat silver per tola fell by Rs134 to Rs6,155 from Rs6,289 a day earlier.

Likewise, the price of 24-karat silver per 10 grams declined by Rs117 to Rs5,276, compared with Rs5,393 on July 15.

In the international market, silver dropped to $56.76 per ounce from $58.10 per ounce in the previous session, reflecting weaker sentiment in the precious metals segment.

Bullion dealers said domestic gold prices generally track movements in international markets and are also affected by fluctuations in the Pakistani rupee against the US dollar. They noted that persistent geopolitical tensions, expectations over global interest rate policies, and continued purchases by central banks remain key drivers supporting international gold prices.

Market participants added that exchange rate movements continue to play a significant role in determining local bullion prices, with any volatility in the rupee likely to influence future trends in Pakistan’s precious metals market.