Gold price in Pakistan falls Rs10,800 to Rs409,736 per tola - 24K, 22K, 21K and silver rates
Gold fell by Rs10,800 per tola on Saturday as the world price dropped $108 to $3,872 an ounce. Here are the latest Sarafa rates for 24K, 22K, 21K and 18K gold and silver, and what to watch this week.
Gold in Pakistan fell sharply on Saturday. The All Pakistan Sarafa Gems and Jewellers Association cut the price of 24-karat gold by Rs10,800 to Rs409,736 per tola, following a sharp drop in the world market.
That is about Rs16,000 below the Rs425,636 we reported on 28 October, before the US Fed decision.
Gold and silver rates in Pakistan
Rates announced on Saturday, 31 October 2026. They apply until the association's next update.
| Gold / silver | Per tola | Per 10 grams |
|---|---|---|
| 24K gold | Rs409,736 (down Rs10,800) | Rs351,282 (down Rs9,259) |
| 22K gold | Rs375,833 | Rs322,217 |
| 21K gold | Rs358,750 | Rs307,571 |
| 18K gold | Rs307,500 | Rs263,632 |
| Silver | Rs5,388 (down Rs142) | Rs4,619 (down Rs122) |
The 24K and silver figures are from the Sarafa association as reported by APP. The 22K, 21K and 18K rates are indicative figures published by Daily Pakistan.
Why gold fell
The local rate follows the world price. On Saturday the international price of gold fell by $108 to $3,872 an ounce, a drop of about 2.7%, according to APP. Silver also fell by $1.42 to $49.10 an ounce.
The fall came a few days after the US Federal Reserve kept rates on hold but signalled that a hike in December is still possible. Higher US interest rates make gold, which pays no interest, less attractive to investors. Read what the Fed decision means for gold and Pakistan.
What it means if you are buying
- For a wedding or savings, a lower rate is a chance to buy, but prices can swing by Rs5,000 to Rs10,000 in a day. If you can, compare rates over a few days.
- Jewellery costs more than the Sarafa rate. Jewellers add making charges, and these can be a large part of the bill. Ask for the gold rate, the weight and the making charges separately on the receipt.
- Check the karat. Most jewellery in Pakistan is 22K or 21K, not 24K. Our tola, gram and karat guide in Urdu shows how to check the price yourself.
What to watch this week
- The world gold price on Monday, which sets the tone for the Sarafa rate.
- The US dollar and bond yields, which have been rising since the Fed meeting.
- The rupee's rate against the dollar. A weaker rupee pushes the local gold price up even when the world price is flat.
Follow the daily trend on our rate tracker.
Rates are for information only and can differ from city to city. Confirm with your jeweller before you buy.
Sources
- APP - Gold prices decline by Rs10,800 per tola
- Daily Pakistan - Today gold rates in Pakistan, 1 November 2026
- The Nation - Gold price plummets by Rs10,800 per tola
We check every story against the sources above and write it in our own words. Spotted a mistake? Report a correction.
