KARACHI: Gold prices witnessed a decline in both local and international markets, according to the latest Interbank and All Pakistan Sarafa Gems and Jewellers Association rates issued on Saturday, 23 May 2026.
As per the latest update, the rate of gold dropped across major categories, while silver prices remained stable. The revised rates reflect changes in both domestic trading and international bullion markets.
Gold rates:
- Gold (24K per tola): Rs473,162 (decrease of Rs2,200)
- Gold (24K per 10 grams): Rs405,660 (decrease of Rs1,886)
- Gold (22K per 10 grams): Rs371,868 (decrease of Rs1,729)
- International gold price: $4,508 per ounce (decrease of $22)
Silver rates:
- Silver (24K per tola): Rs8,034 (no change)
- Silver (24K per 10 grams): Rs6,887 (no change)
- International silver price: $75.50 (no change)
Officials and market sources said gold rates continue to fluctuate in line with global market movements and interbank exchange rate adjustments, while silver has shown stability in the latest trading session.
Gold plays a vital role in the economic stability and financial system of a country. It is considered one of the most valuable precious metals and is widely used as a store of value, especially during times of economic uncertainty.
Central banks hold large reserves of gold to strengthen national currency backing and to maintain confidence in the financial system. In many countries, gold also serves as a hedge against inflation and currency depreciation, making it a safe investment for individuals and institutions alike.
In addition to its financial importance, gold contributes significantly to trade and foreign exchange earnings. The jewellery industry, bullion markets, and gold imports and exports generate substantial economic activity and employment opportunities.
Countries with strong gold reserves often enjoy better credit ratings and economic credibility on the global stage. Furthermore, gold prices influence inflation trends and overall market sentiment. Thus, gold remains a cornerstone of both national economies and global financial systems.
