Gold prices in Pakistan fell sharply on Friday, October 23, 2026, as international bullion prices continued to decline. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold dropped by Rs7,000 per tola to Rs424,536.
Latest Gold Rates in Pakistan
The latest decline pushed gold prices further below the Rs430,000-per-tola mark, continuing the downward trend seen over the previous sessions.
| Gold Category | Previous Price | New Price | Change |
|---|---|---|---|
| 24-karat gold per tola | Rs431,536 | Rs424,536 | -Rs7,000 |
| Gold per 10 grams | Rs369,972 | Rs363,971 | -Rs6,001 |
The figures were reported by Bloom Pakistan, citing the APGJSA.
International Gold Prices Continue to Fall
The decline in Pakistan’s gold market followed a drop in international prices. Global gold rates fell by $70 to $4,020 per ounce on Friday, according to the report.
On Thursday, gold prices in Pakistan had already fallen by Rs3,000 per tola to Rs431,536. Friday’s additional decline indicates continued pressure on the local bullion market.
Silver Prices Also Decline
Silver prices also recorded a decrease in Pakistan. The metal lost Rs221 per tola, bringing its price down to Rs5,865.
The movement in gold and silver prices highlights the volatility in precious metals markets, where international rates and currency movements influence domestic prices.
Read more similar news in our gold price in pakistan today category.
What the Gold Price Drop Means for Buyers
The latest reduction may offer some relief to people planning to purchase gold jewellery or invest in bullion. However, prices can fluctuate further depending on international market trends and local market conditions.
Buyers should check the latest rates with reputable jewellers before making a purchase, as retail prices may vary according to purity, making charges and local market practices.
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