Gold prices in Pakistan remain high, reflecting trends in the international bullion market and movements in the rupee.
As of Thursday, February 19, 2026, the price of 24-carat gold stands at Rs523,962 per tola. The rate for 22-carat gold is around Rs480,422 per tola.
According to the latest available market figures, gold is priced at Rs44,914 per gram.
The price per ounce stands at Rs1,397,008, while one kilogram of gold is valued at Rs44,914,832.
Why are prices changing?
Gold prices in Pakistan are linked to global market movements. The local rate depends mainly on the international spot price, the US dollar to Pakistani rupee exchange rate, and local market premiums.
Recent global data has added pressure to bullion markets.
Stronger-than-expected US employment figures reduced expectations of early interest rate cuts by the US Federal Reserve. This strengthened the dollar, which often weighs on gold prices.
After briefly falling below the $5,000 per ounce level in international trade, gold experienced a correction.
Some investors have since returned to the market, buying at lower levels. However, analysts say uncertainty remains ahead of the upcoming US inflation data.
In Pakistan, currency shifts also play a major role. When the rupee weakens against the dollar, local gold prices tend to rise even if global prices remain steady.
Investment, religious considerations
Gold is often seen as a hedge against inflation and economic uncertainty. People invest through jewellery, gold bars and biscuits, or other regulated financial products.
Under Islamic guidelines, zakat becomes payable on gold if a person owns 87.48 grams or more for one full lunar year. The rate is 2.5% of the total value.
Market observers say prices are likely to continue fluctuating in the coming weeks, depending on global economic trends and currency movements.
Gold continues to be widely used in Pakistan, both as jewellery and as a store of value. Demand typically rises during the wedding season, when families traditionally purchase ornaments.
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