Gold prices in Pakistan recorded a noticeable decline on Friday, tracking changes in the international bullion market. The drop has impacted both per tola and 10-gram rates across the country.
According to data released by the All Pakistan Gems and Jewellers Association, the per tola gold price fell sharply by Rs1,469. This reduction brought the new rate down to Rs467,816 in the local market.
The Rs1,469 decline reflects ongoing pressure from global market fluctuations. Traders noted that international gold prices also weakened, contributing to the downward trend in Pakistan.
The 10-gram gold rate also saw a reduction. It dropped by Rs1,323 and settled at Rs401,012, following the same market direction as per tola prices.
In the international bullion market, gold per ounce decreased by $14. The global rate now stands at approximately $4,453 per ounce, further influencing local pricing trends.
Market analysts said the repeated Rs1,469 adjustment highlights the sensitivity of local gold prices to international movements. Even minor global shifts are quickly reflected in domestic rates.
Silver prices in Pakistan also moved downward. The per tola silver rate declined by Rs67, bringing it to Rs7,730 in the local market.
Despite the decline in precious metals, Pakistan’s foreign exchange position showed relative stability. According to central bank data, total liquid foreign reserves remained above $22.6 billion at the end of May 2026.
The State Bank of Pakistan reported a slight increase in its holdings. Reserves rose by $43 million, reaching $17.190 billion by May 29, 2026.
However, commercial banks saw a decline in foreign currency reserves. Their holdings fell by $54 million to $5.446 billion during the same period.
Earlier data from May 22, 2026, showed total reserves at $22.647 billion. At that time, the central bank held $17.147 billion, while commercial banks maintained around $5.500 billion.
Market experts say the repeated Rs1,469 drop in gold prices is part of ongoing volatility in global commodities. They expect prices to remain sensitive to international economic trends in the coming weeks.
For now, investors and buyers continue to monitor both local and global markets closely as fluctuations persist across precious metals.
In other news read more about: Pakistan Gold Rates Drop, Aligned With Global Prices
