Gold prices in Pakistan experienced a noticeable decline on 16 February 2026 following a sudden fall in international bullion markets. Local market rates for gold and silver both reflected this downward movement, influenced by weakening overseas prices.
Local Market Price Movement
- The price of gold per tola in Pakistan fell by Rs 3,200, settling at Rs 523,762.
- 10-gram gold also declined, with rates dropping by Rs 2,743 to Rs 449,041.
- Silver prices in the local market fell as well, with a decrease of Rs 55 per tola to Rs 8,164.
READ MORE: Government Announces Major Hike in Petrol and Diesel Prices
International Price Influence
The decline in Pakistan’s gold prices followed a drop in global bullion rates, where gold prices slipped by around $32 per ounce, settling near $5,010. This lower international rate fed into the local market pricing, triggering adjustments by bullion dealers across the country.
Market Context
Gold price movements in Pakistan are closely tied to global trends and currency exchange factors. When international bullion prices weaken, domestic rates typically adjust downward to reflect those changes. Similarly, silver rates tend to follow global benchmarks, affecting both investor sentiment and retail jewellery pricing.
