Gold rates decline in local and international bullion markets
KARACHI – All Pakistan Sarafa Gems and Jewelers Association on Wednesday released the latest gold prices in Pakistan for May 13, 2026, showing a decline in both local and international bullion markets.
According to the association, the price of 24-karat gold per tola decreased by Rs1,100 to settle at Rs491,362 compared to the previous day’s closing price of Rs492,462.
Gold price per 10 grams also declines
The price of 24-karat gold per 10 grams also recorded a decline of Rs943, closing at Rs421,263 against the previous day’s rate of Rs422,206 in domestic bullion markets.
Bullion traders said the decline followed downward movement in international gold prices amid ongoing geopolitical tensions and market uncertainty.
International gold market weakens
In the global market, gold prices fell by $11 per ounce to settle at $4,690 compared to the previous closing of $4,701 per ounce.
Market experts said investors remained cautious due to volatility in global financial markets, changing interest rate expectations and geopolitical developments affecting commodity trading.
Gold remains key investment hedge
Despite short-term fluctuations, analysts say gold continues to attract investors as a traditional safe-haven asset during periods of economic uncertainty and inflation concerns.
In Pakistan, gold demand typically remains strong for investment, savings and jewelry purchases, particularly during wedding and festive seasons.
Bullion market participants are closely monitoring international price trends and currency movements, which continue to influence domestic gold rates.