Gold prices in Pakistan witnessed one of the sharpest single-day declines of the year on Saturday, as the price of 24-karat gold plunged by Rs10,800 per tola in the local market. The steep fall pushed the yellow metal below the Rs410,000 mark and caught buyers, sellers and small investors by surprise.
According to rates issued by the All Pakistan Sarafa Gems and Jewellers Association, the gold price in Pakistan today stands at Rs409,736 per tola for 24-karat gold after Saturday’s dramatic correction. The price of 10 grams of 24-karat gold dropped by Rs9,259 to settle at Rs351,282.
Saturday’s fall did not come alone. A day earlier, on Friday, gold had already slipped Rs5,100 to Rs420,536 per tola. That means the gold rate per tola in Pakistan has lost a staggering Rs15,900 in just two trading sessions — a correction that erased several weeks of gains and pulled the metal back towards levels last seen earlier in October.
Gold price in Pakistan today: the numbers in full
Here is where the market stood after Saturday’s trading, based on the Sarafa Association’s official rates:
- 24-karat gold per tola: Rs409,736 — down Rs10,800
- 24-karat gold per 10 grams: Rs351,282 — down Rs9,259
- Silver per tola: Rs5,388 — down Rs142
- International gold per ounce: $3,872 — down $108
The fall is especially striking because gold had been on a strong run through most of October. On Wednesday, 28 October, the rate had climbed to Rs425,636 per tola — a high that made Saturday’s plunge feel even sharper for anyone who bought near the peak. A buyer who purchased one tola at Wednesday’s rate is now down nearly Rs16,000 in barely three days.
Why gold crashed — the global selloff behind Saturday’s fall
The drop in Pakistan was not a local event. It was driven by a heavy selloff in the international market, where the gold price fell by $108 to $3,872 per ounce — slipping below the $4,000 mark for the first time in a year, according to the rates reported alongside the local data.
Pakistan’s gold rates are adjusted against international prices with a $20 premium, so when world markets sneeze, the local bullion market catches a cold. Traders say the global retreat came as investors booked profits after a long rally and as easing inflation fears reduced the metal’s appeal as a safe haven in the short term.
For context, the gold rate today in Pakistan has been swinging hard all month. The metal fell Rs7,000 in a single session as recently as 23 October, and goldrates trackers show Saturday’s Rs409,736 as among the lowest local rates of the past 30 trading days. The October high of around Rs441,000 in late September now looks like a distant memory.
Silver follows gold down — and what Monday could bring
Silver did not escape the selloff. The silver rate in Pakistan fell by Rs142 to Rs5,388 per tola on Saturday, tracking the broader weakness in precious metals.
Jewellers in Karachi, Lahore and Rawalpindi reported a mixed reaction: some buyers rushed to take advantage of the lower prices, while others held back, worried the fall might continue. Wedding-season shoppers — for whom October and November are peak buying months — are watching closely, since a tola of gold now costs significantly less than it did a week ago.
The local bullion market is closed on Sunday, so the next move in the gold price in Pakistan today will only be known when trading resumes on Monday. It is worth remembering that the published rate is the Sarafa Association’s benchmark: jewellers add their own making charges on top, and the final price a shopper pays can vary slightly from city to city and even from shop to shop. Whether prices stabilise or extend the slide will depend on how international gold behaves when markets reopen. If the global downtrend continues, jewellers warn, the local rate could test levels not seen since early October.
For now, one thing is clear: Saturday’s Rs10,800 crash ranks among the steepest single-day falls of 2026 — and it is a reminder that even the most glittering rallies can reverse in a matter of hours.
Sources: The News and Bloom Pakistan, quoting rates from the All Pakistan Sarafa Gems and Jewellers Association.
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