Gold prices in Pakistan continued showing downward movement on Thursday as the local bullion market recorded another decline in rates following changes in international gold prices and cautious domestic trading activity. According to the latest market figures issued on May 14, 2026, the price of 24-carat gold in Pakistan settled at Rs. 478,000 per tola, while the 10-gram rate was recorded at Rs. 409,808.
The latest decline of Rs 1,000 per tola reflects ongoing pressure in the global bullion market,market, where investors are closely monitoring international economic conditions, currency stability, and inflation expectations. In Pakistan, the movement in gold prices is also being shaped by the rupee-dollar parity, import costs, and domestic buying trends in major jewellery markets.
The updated gold rates showed that 22K gold was available at Rs. 438,279 per tola and Rs 375,658Rs 438,279 per 10 grams. Meanwhile, 21K gold was trading at Rs. 418,358 per tola, whereas 20K gold stood at Rs. 398,436 per tola. The lowest category in the list, 18K gold, was recorded at Rs. 358,592 per tola in local Sarafa markets.
On a per-gramRs 375,658 basis, 24K gold was priced at approximately Rs. 40,981, while 22K gold reached around Rs. 37,566 per gram. Similarly, 21K gold was calculated near Rs. 35,858 per gram, and 18K gold hovered close to Rs. 30,736 per gram.
The international bullion market also remained under pressure, with global gold prices trading around $4,692 per ounce. Analysts believe that international market corrections are directly influencing local gold prices in Pakistan due to the country’s dependence on imported bullion and international pricing benchmarks.
In Karachi, Lahore, Islamabad, Peshawar, Quetta and other major cities, jewellery traders continued adjusting rates according to global market changes. Demand for bridal jewellery and investment-grade gold remained active despite the recent fluctuations. Many consumers were seen monitoring the market closely in anticipation of further price corrections ahead of the upcoming wedding season.
Gold continues to hold significant importance in Pakistan’s economy as it remains a preferred investment option for households seeking protection against inflation and currency depreciation. The precious metal is widely viewed as a store of value during periods of economic uncertainty and volatile financial conditions.
The recent fall in gold prices may provide temporary relief to consumers planning jewellery purchases; however, market volatility remains high due to continuing uncertainty in global commodity and currency markets. Traders are expecting further fluctuations in the coming days depending on international economic indicators and changes in investor sentiment worldwide.
Despite the short-term correction, gold prices in Pakistan are still trading near historically elevated levels compared to previous years, highlighting sustained long-term strength in the bullion sector. Market participants are therefore keeping a close eye on global trends, oil prices, interest rate expectations, and currency movements that may continue shaping Pakistan’s precious metals market.
