KARACHI: The Gold price in Pakistan recorded a decline on Saturday, May 16, 2026. The drop follows weakness in the international bullion market amid global economic uncertainty.
According to the All Pakistan Sarafa Gems and Jewellers Association, the Gold price for 24-karat per tola decreased by Rs600. It settled at Rs476,262 compared to the previous Rs476,862.
The Gold price for 10 grams also saw a reduction. It fell by Rs515 and closed at Rs408,317, down from Rs408,832 in the last session.
In the international market, gold also moved downward. The global Gold price slipped by $6 per ounce. It settled at $4,539 compared to $4,545 earlier.
Alongside gold, silver prices also declined in the local market. The silver rate per tola dropped by Rs159 and reached Rs8,073.
Market analysts said bullion prices are facing pressure due to global economic instability. Fluctuations in international demand and geopolitical tensions are also affecting rates.
Experts pointed out that developments involving major global economies are influencing investor sentiment. This includes diplomatic signals and tensions between the United States and Iran.
Despite short-term declines, analysts remain optimistic about the long-term outlook of gold. They believe the Gold price may stay strong over time due to global uncertainty.
Gold is still considered a safe-haven asset by investors. It is widely used during periods of inflation and financial instability.
Analysts added that gold maintains value due to limited supply and strong global demand. It also remains less affected by government policy changes compared to other assets.
Because of these factors, the Gold price continues to attract long-term investors. Many buyers view dips in rates as opportunities for future gains.
Market watchers expect further movement in prices based on global economic indicators. They advise investors to stay updated with daily market trends.
The bullion market will continue to respond to international developments. This includes currency shifts, interest rate changes, and geopolitical events.
In other news read more about Gold Price in Pakistan Falls by Rs15,500 in Major Market Drop
Overall, the latest decline in the Gold price reflects ongoing uncertainty in global markets, while long-term demand remains stable.
