Latest Gold Rate
On Saturday, May 16, 2026, gold prices in Pakistan witnessed a sharp correction as the rate for 24K gold dropped to Rs. 470,000 per tola in the local bullion market. This reflects a decline of around Rs. 8,000 per tola compared to the previous session, as global and local market conditions adjusted.
24K Gold Rate
Gold Rate by Type
| Type | Tola | 10 Gram | Per Gram |
|---|---|---|---|
| 24K | 470,000 | 402,949 | 40,295 |
| 22K | 430,944 | 369,370 | 36,937 |
| 21K | 411,356 | 352,581 | 35,258 |
| 20K | 391,767 | 335,791 | 33,579 |
| 18K | 352,590 | 302,212 | 30,221 |
International Gold Rate
Global gold prices are currently trading around $4,542 per ounce. International bullion markets remain sensitive to global economic signals, and this slight correction has directly influenced Pakistan’s domestic gold rates.
Gold Rate Trend for Last Ten Days
| Date | Rate (24K) | PKR Change | % Change |
|---|---|---|---|
| May 16 | 470,000 | -8,000 | -1.67% |
| May 15 | 470,000 | 0 | 0.00% |
| May 14 | 478,000 | -1,000 | -0.21% |
| May 13 | 479,000 | -2,000 | -0.42% |
| May 12 | 481,000 | -3,500 | -0.72% |
| May 11 | 484,500 | 0 | 0.00% |
| May 10 | 484,500 | 0 | 0.00% |
| May 09 | 484,500 | +500 | +0.10% |
| May 08 | 485,000 | -3,500 | -0.72% |
| May 07 | 488,500 | +6,000 | +1.24% |
Gold Rate Trend Graph for Last Ten Days
Market Analysis
Gold prices in Pakistan on May 16, 2026, have declined to Rs. 470,000 per tola for 24K gold, marking a noticeable correction of around Rs. 8,000. This drop is mainly driven by global market adjustments and reduced buying pressure after recent record highs.
International gold rates around $4,542 per ounce continue to influence local pricing trends. At the same time, currency stability and investor sentiment in Pakistan have contributed to easing prices in the domestic bullion market.
In major cities including Karachi, Lahore, Islamabad, Peshawar, and Quetta, traders report cautious buying activity, especially in 22K bridal jewelry. Many buyers are waiting for further stability before making large purchases.
Analysts suggest that gold may remain volatile in the short term, and investors should closely monitor international trends before making new decisions.
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