Pakistan Gold Prices Decline By Rs3,000 Per Tola Following Global Drop
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✧ GENERATE BRIEFING
The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported a Rs3,000 per tola decline in local 24-karat gold prices on Thursday, October 22, 2026, tracking a pullback in international bullion markets. Key pricing metrics and market indicators include:Domestic Bullion Settlement: 24-karat gold settled at Rs431,536 per tola (down from Rs434,536 on Wednesday), while 10-gram 24-karat gold dropped by Rs2,572 to settle at Rs369,972 (down from Rs372,544). International Spot Benchmark: Spot gold fell $30 to $4,090 per ounce (down from $4,120 per ounce) due to profit-taking ahead of upcoming central bank monetary policy decisions. Silver Price Action: Domestic 24-karat silver prices tracked the precious metals pullback, declining Rs121 to settle at Rs6,086 per tola (down from Rs6,207 on Wednesday). Multi-Day Trend: Thursday’s reduction marks the third consecutive session of losses for local bullion, following a Rs900 per tola decline on Wednesday and a Rs3,600 drop on Tuesday.
Gold prices in Pakistan declined on Thursday, tracking a fall in the international bullion market, with the price of 24-karat gold dropping by Rs3,000 per tola.
According to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold settled at Rs431,536 per tola, compared with Rs434,536 a day earlier.
Domestic Bullion Rates Breakdown
The price of 10-gram 24-karat gold also decreased by Rs2,572 to Rs369,972. Meanwhile, 22-karat gold per 10 grams was quoted lower in line with overall market trends.
| Commodity / Weight | October 21 (PKR) | October 22 (PKR) | Change (PKR) |
| Gold 24K (Per Tola) | Rs434,536 | Rs431,536 | -Rs3,000 |
| Gold 24K (10 Grams) | Rs372,544 | Rs369,972 | -Rs2,572 |
| Silver 24K (Per Tola) | Rs6,207 | Rs6,086 | -Rs121 |
| International Gold (Per Ounce) | $4,120 | $4,090 | -$30 |
Silver prices also moved lower in Pakistan. The price of 24-karat silver declined by Rs121 to settle at Rs6,086 per tola on Thursday.
International Spot Dynamics and Multi-Day Trend
In the international market, gold prices fell by $30 to $4,090 per ounce, directly driving the decline in domestic bullion rates.
The latest drop followed a Rs900 per tola decline on Wednesday, when gold settled at Rs434,536, and a Rs3,600 drop on Tuesday. The consecutive decreases reflect continued weakness in both local and international gold prices after hitting record highs earlier in the month.
Local Market Pricing Mechanics
Gold prices in Pakistan are determined by international spot bullion movements, global supply-demand dynamics, and domestic USD/PKR exchange rate parity. Changes in global benchmark prices directly impact the wholesale rates quoted across local Sarafa bazaars in Karachi, Lahore, Rawalpindi, and Peshawar.
Bullion dealers advise investors and retail buyers to check real-time APGJSA issuing rates prior to executing physical trade transactions, as market premiums and making charges vary across local jewellers.
