KARACHI, May 6, 2026 — The All Pakistan Sarafa Gems and Jewelers Association on Wednesday released the latest gold and silver prices, showing a sharp rebound in both precious metals in line with gains in international markets.
The price of 24-karat gold per tola rose to Rs488,962, up by Rs11,100 compared with the previous session. Similarly, gold prices per 10 grams increased by Rs9,517 to Rs419,206, while 22-karat gold per 10 grams climbed to Rs384,286, posting a gain of Rs8,725.
In global markets, gold prices surged by $111 per ounce to reach $4,666, reflecting renewed investor interest in safe-haven assets.
Silver prices also followed an upward trend in the domestic market. The price of 24-karat silver per tola increased by Rs223 to Rs8,072, while silver per 10 grams rose by Rs191 to Rs6,920. In the international market, silver prices gained $2.23 to settle at $75.88 per ounce.
Analysis:
Analysts attributed the rise in gold and silver prices to improving sentiment in global financial markets, driven by expectations of easing geopolitical tensions, particularly in the Middle East. The reduced uncertainty encouraged investors to return to commodities, boosting demand for precious metals.
Additionally, fluctuations in the Pakistani rupee against the U.S. dollar played a role in amplifying the upward movement in local bullion prices. A weaker rupee typically makes imported gold and silver more expensive, contributing to higher domestic rates.
Market experts said the short-term outlook for precious metals remains tied to global developments, including geopolitical conditions, inflation expectations, and central bank policies. They added that continued volatility is likely, with prices reacting quickly to any major economic or political shifts worldwide.