Gold Price in Pakistan Today: Tola Falls to Rs 424,536 After Rs 7,000 Drop
KARACHI: Gold prices in Pakistan fell sharply on Friday, October 23, 2026, as the All Pakistan Gems and Jewellers Sarafa Association (APGJSA) cut the 24-karat rate by Rs 7,000 per tola to Rs 424,536. The 10-gram price dropped Rs 6,001 to Rs 363,971.
International gold also weakened, falling $70 an ounce to $4,020. Silver slipped Rs 221 per tola to settle at Rs 5,865 in the local market.
Two-day slide wipes Rs 10,000 off per tola
Friday’s fall followed another weak session a day earlier. On Thursday, gold lost Rs 3,000 per tola, closing at Rs 431,536. The two sessions combined have pushed the local rate down by Rs 10,000 per tola in 48 hours.
Jewellers said the correction tracked the international market, where gold retreated after touching record highs earlier in the month. Friday’s move was one of the sharpest single-day drops of the month. Buyers who purchased at the start of the week paid Rs 7,000 more per tola than Friday’s closing level.
International weakness drove the drop
Pakistan’s local gold rate follows the world spot price of gold, converted at the open-market dollar rate, plus the margin applied by local sarafa markets. When the international price slides, the domestic rate moves with it, and Friday was a clear case of that link at work.
Global gold has had a volatile month. It climbed through most of October on safe-haven demand, then ran into profit-taking as traders locked in gains. For the factors behind gold’s recent movement, see our forecast piece: Gold Price in Pakistan: Will Rates Rise or Fall in Coming Days?
October 23 marks a 30-day low
Live data from the Rawalpindi and Islamabad sarafa markets shows how far gold has come down this month. According to pakgold.net, which tracks the local bullion benchmark through the trading day, gold touched a peak of Rs 445,687 per tola on September 25 and has been sliding since.
The site’s 30-day history puts the benchmark at Rs 419,643 on October 23, down Rs 3,058 on the day, the lowest reading in the last 30 days. Readers will notice this live figure sits slightly below the APGJSA number. The reason is simple. The association’s figure is a once-a-day fixing, one official number for the whole day, while live market quotes move with trading. On a falling day, the live rate runs lower than the fixing. For buyers, the practical point is the same either way: gold is cheaper today than at any point in the last month.
What it means for buyers
For households, the timing matters. The wedding season is approaching, and jewellery buying usually picks up in winter. A Rs 10,000-per-tola correction in two days is the kind of dip buyers wait for, though rates can reverse just as fast.
Anyone buying now should check rates with more than one dealer, since making charges and the spread between buying and selling quotes differ from shop to shop. The wider picture also matters: inflation eased to 10.3pc in September, and the State Bank is holding a tight monetary stance. Our earlier coverage has more background: Gold Price in Pakistan Takes a Surprising Turn and Gold and Silver Prices Soar in Pakistan: How High Will They Go?
FAQs
How much is 1 tola of gold in Pakistan today?
As of Friday, October 23, 2026, the APGJSA fixing for 24-karat gold is Rs 424,536 per tola. The 10-gram rate is Rs 363,971.
Why did gold prices fall?
International gold fell $70 an ounce on profit-taking, and Pakistan’s local rates track the world spot price.
Why do different websites show different gold rates?
The APGJSA publishes one official fixing per day. Live market trackers update through the trading day and can differ from the fixing, especially when prices are moving.
Is this a good time to buy gold in Pakistan?
Gold is at a 30-day low, which suits buyers planning jewellery purchases. Prices can still move either way, so compare quotes across dealers before deciding.
*Source: ProPakistani · Live benchmark cross-checked with pakgold.net*
