Bullion prices rise in Pakistan as global gold and silver markets extend gains amid economic uncertainty
KARACHI, May 21, 2026 — Gold and silver prices in Pakistan rose on Thursday, tracking gains in international bullion markets amid continued macroeconomic uncertainty and safe-haven demand.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold increased to Rs475,362 per tola, up Rs5,000 from the previous session.
The association said 10-gram gold also rose by Rs4,287 to Rs407,546, while 22-karat gold climbed to Rs373,597 per 10 grams.
In the international market, gold was quoted at $4,530 per ounce, up $50, reflecting renewed investor interest in safe-haven assets.
Silver prices also followed an upward trend. The price of 24-karat silver per tola increased by Rs60 to Rs8,034, while 10-gram silver rose by Rs51 to Rs6,887. On the global market, silver edged higher to $75.50 per ounce.
Market analysis
Bullion traders said domestic price movements remain closely tied to international trends, with global inflation concerns, currency volatility and geopolitical risks continuing to drive demand for precious metals.
Analysts noted that gold and silver have maintained an overall upward trajectory in recent weeks, though intermittent corrections persist due to shifting expectations around global interest rates.
Market participants added that investor sentiment remains cautious, with many turning to precious metals as a hedge against economic instability and potential currency fluctuations.
They said price volatility is likely to continue in the near term, depending on upcoming macroeconomic data releases and central bank policy signals in major economies.
