KARACHI, April 23, 2026 – Gold and silver prices in Pakistan recorded a notable decline on Thursday, reflecting downward trends in international bullion markets, according to the All Pakistan Sarafa Gems and Jewelers Association.
The latest rates show a continued fall in both precious metals, driven by global price corrections and shifting investor sentiment amid ongoing geopolitical and economic developments.
Gold and Silver Rates – April 23, 2026
| Commodity | Price | Change |
| Gold 24K (per tola) | Rs493,762 | – Rs5,200 |
| Gold 24K (per 10 grams) | Rs423,321 | – Rs4,458 |
| Gold 22K (per 10 grams) | Rs388,058 | – Rs4,087 |
| Gold (per ounce – global) | $4,714 | – $52 |
| Silver 24K (per tola) | Rs8,099 | – Rs225 |
| Silver 24K (per 10 grams) | Rs6,943 | – Rs193 |
| Silver (per ounce – global) | $76.15 | – $2.25 |
Market analysts said the decline in local bullion prices is largely aligned with the drop in international gold and silver rates. A stronger U.S. dollar and fluctuations in global commodity markets have weighed on precious metals, reducing their appeal as safe-haven assets in the short term.
Additionally, rising oil prices and persistent geopolitical tensions have contributed to uncertainty in global markets, prompting investors to rebalance their portfolios.
Despite the current downturn, experts note that gold and silver remain key hedging instruments against inflation and currency volatility. Traders expect continued price fluctuations in the coming sessions, depending on global economic indicators and geopolitical developments.
Investors are advised to monitor international trends closely, as domestic bullion rates in Pakistan remain highly sensitive to global market movements.