Gold prices in Pakistan rose sharply on Wednesday, gaining Rs3,500 per tola in line with a rise in the international market.
The price of 24-karat gold climbed to Rs425,636 per tola, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of 10 grams of 24-karat gold also went up by Rs3,001 to Rs364,914.
Gold price Pakistan: a sharp reversal
Wednesday’s increase more than wiped out the previous session’s loss. On Tuesday, gold had dropped by Rs1,300 to Rs422,136 per tola, according to the same association’s rates.
The metal has been volatile in recent weeks. Last week, it lost Rs20,000 per tola, a fall that rattled buyers who had watched prices climb for months. Wednesday’s rebound restores part of that loss, but it does not erase the week’s swings.
The local rise followed the global trend. The international price of gold increased by $35 to $4,031 per ounce, moving back above the $4,000 mark. When world prices move, local prices in Pakistan usually follow within a day, since the domestic rate is set from the international price plus currency and duty effects.
Silver prices also edged up. The price of silver per tola increased by Rs61 to Rs5,854.
Why gold keeps swinging
Gold has spent much of 2026 moving in large steps rather than small ones. War in the Middle East, high energy prices and shifting interest-rate expectations have all pushed investors towards gold at times, and then pulled them back when headlines calm.
That pattern explains the recent whiplash. A $35 rise in a single session looks large, but it sits inside a market where $100 moves have become common. For buyers, the result is a market where waiting a week can save or cost thousands of rupees per tola.
Local factors add their own pressure. The rupee’s value against the dollar feeds straight into the tola price, since gold is priced in dollars abroad and sold in rupees at home. Import costs, jewellers’ margins and festive-season demand also shape what a buyer actually pays in a shop.
For households, gold in Pakistan is more than an investment. It is wedding savings, a store of value for families without bank accounts, and a hedge against inflation. That is why a Rs3,500 daily move matters beyond trading screens: it changes what a family can afford when a wedding or an emergency forces a purchase.
What buyers should keep in mind
A single day’s rise is not a forecast. Gold fell Rs20,000 last week and has now recovered part of that fall, which shows how quickly sentiment can turn. Buyers who need gold for a fixed date should weigh the risk of waiting against the risk of buying at a peak.
Checking the APGJSA rate before visiting a jeweller helps. Shops add making charges and, in some cases, different purity premiums, so the quoted price for a finished piece will sit above the per-tola bullion rate.
The wider economy gives some context for the move. The World Bank has tied a $600 million loan to wheat and sugar reforms, while Pakistan’s private equity framework targets $15 billion. Markets have also been unsettled: the KSE-100 shed 1,549 points on Friday as US-Iran tensions rattled the PSX. Feature Pakistan also covered gold’s fall on Tuesday.
If the global price holds above $4,000, local prices are likely to stay firm in the near term. If it slips back, the tola rate will follow it down just as quickly as it rose.
Frequently asked questions
What is the gold price in Pakistan today?
On Wednesday, October 28, 24-karat gold rose by Rs3,500 to Rs425,636 per tola, while 10 grams rose by Rs3,001 to Rs364,914, according to APGJSA rates.
How much did gold rise internationally?
The international price rose by $35 to $4,031 per ounce, moving back above the $4,000 mark.
What happened to gold prices on Tuesday?
Gold fell by Rs1,300 per tola on Tuesday, a loss that Wednesday’s Rs3,500 rise more than reversed.
What is the silver price?
Silver rose by Rs61 per tola to Rs5,854 on Wednesday.
