Visual Language Models (VLMs) are powerful generative tools but often produce factually inaccurate outputs due to a lack of robust reasoning capabilities. While extensive research has been conducted on integrating external knowledge for reasoning in large language models (LLMs), such efforts remain underexplored in VLMs, where the challenge is compounded by the need to bridge multiple modalities seamlessly. This work introduces a framework for knowledge-guided reasoning in VLMs, leveraging structured knowledge graphs for multi-hop verification using image-captioning task to illustrate our framework. Our approach enables systematic reasoning across multiple steps, including visual entity recognition, knowledge graph traversal, and fact-based caption refinement. We evaluate the framework using hierarchical, triple-based and bullet-point based knowledge representations, analyzing their effectiveness in factual accuracy and logical inference. Empirical results show that our approach improves factual accuracy by approximately 31% on preliminary experiments on a curated dataset of mixtures from Google Landmarks v2, Conceptual captions and Coco captions revealing key insights into reasoning patterns and failure modes. This work demonstrates the potential of integrating external knowledge for advancing reasoning in VLMs, paving the way for more reliable and knowledgable multimodal systems.