Gold price in Pakistan today, 28 October 2026 - 24K steady at Rs422,136 per tola before the Fed decision

The price of 24-karat gold in Pakistan opened unchanged at Rs422,136 per tola on Wednesday, 28 October 2026, according to rates of the All Pakistan Sarafa Gems and Jewellers Association reported by Pakistan Observer. The price of 10 grams of 24K gold stood at Rs361,913.

This is the same level gold settled at on Tuesday evening, after a Rs1,300 fall during the day.

Today's gold rates

Per tola rates are from Pakistan Observer and per 10 gram rates for 22K, 21K and 18K are from Daily Pakistan. Both report the Sarafa association's rates.

Silver and international gold

Silver stood at Rs5,793 per tola. In the international market, gold was quoted at $3,996 per ounce, down $13 from the previous session.

Why tonight matters

The US Federal Reserve announces its interest rate decision late tonight Pakistan time. Gold is priced in dollars, so the decision and what the Fed says about future rates can move the international price, and Pakistan's Sarafa rates usually follow the same or next day.

The Express Tribune reported that gold had recently touched its lowest level since July before recovering, and Adnan Agar of Interactive Commodities told the paper that the Fed announcement is expected to play a key role in where gold goes next.

Before you buy

• These are bullion rates. Jewellers add making charges, and city rates can differ slightly.
• Ask for the karat and the weight on the receipt. 22K jewellery should be priced near the 22K rate, not the 24K rate.
• If you are not in a hurry, it can be sensible to wait until after the Fed decision, since prices can move sharply on the day. This is general information, not investment advice.