Gold prices in Pakistan continued their sharp decline on Saturday, October 31, 2026, falling by another Rs10,800 per tola in a single day. The latest reduction extended the two-day decline to Rs15,900, bringing gold closer to the Rs400,000 mark.
According to the latest market rates, 24-karat gold is now priced at Rs409,736 per tola. The price of 10 grams of 24-karat gold also dropped by Rs9,259 to reach Rs351,282.
The continued decline has brought some relief to people planning to purchase jewellery. However, the market remains under pressure as international gold prices have also recorded significant losses.
Latest Gold Prices in Pakistan
The latest rates show that 24-karat gold is selling at Rs409,736 per tola, while the 10-gram rate stands at Rs351,282.
The international gold price has fallen to $3,872 per ounce. Meanwhile, silver prices have also declined, with the rate dropping to Rs5,388 per tola.
The latest reported rates are:
- 24-karat gold per tola: Rs409,736
- 24-karat gold per 10 grams: Rs351,282
- International gold per ounce: $3,872
- Silver per tola: Rs5,388
These figures reflect a major correction in the local bullion market.
Gold Falls Rs15,900 in Just Two Days
The latest decline comes after gold prices dropped by Rs5,100 per tola on Friday.
With another reduction of Rs10,800 on Saturday, the total loss over two consecutive sessions has reached Rs15,900 per tola.
Gold was trading at Rs425,636 per tola at Thursday’s closing rate. The latest price of Rs409,736 represents a decline of approximately 3.7% in just two days.
The fall has created uncertainty among traders and investors, who are closely monitoring the market for signs of further reductions or a possible recovery.
International Gold Prices Also Record Heavy Losses
The decline in Pakistan’s gold market coincided with a sharp drop in international bullion prices.
Gold lost $108 per ounce in the global market, falling from $3,980 to $3,872.
Since Pakistan’s domestic gold rates are influenced by international prices, changes in the global bullion market can have a direct impact on local rates.
The recent international decline has therefore contributed to the sharp reduction in prices across Pakistan.
Lahore and Karachi Gold Rates
Gold prices in different local markets may vary depending on the type of gold and the rates quoted by traders.
The supplied Lahore market quotations placed the price of 22-karat gold at Rs372,625 per tola, while 21-karat gold was quoted at Rs355,687.
Other reported local quotations included:
- Lahore gold piece: Rs406,500 and Rs406,000
- Lahore Pathoor gold: Rs401,500 and Rs399,500
- 22-karat gold: Rs372,625
- 21-karat gold: Rs355,687
- Karachi gold selling rate: Rs408,000
Buyers should confirm the latest rates with local jewellers before making a purchase, as market quotations can differ.
Silver Prices Also Decline
Gold was not the only precious metal to lose value on Saturday. Silver prices also moved lower in the domestic market.
According to the reported rates, silver fell by Rs142 per tola to reach Rs5,388.
Separate Lahore market quotations placed 999.0 Tezabi silver at Rs5,150. The reported rate for a one-kilogram silver bar was Rs5,200, while a 10-tola silver piece was quoted at Rs5,250.
These Lahore quotations were provided separately, and their exact pricing basis was not specified.
Will Gold Fall Below Rs400,000 Per Tola?
With gold currently priced at Rs409,736 per tola, the market is only Rs9,736 away from the Rs400,000 level.
A further decline of approximately 2.4% would bring the price below this important threshold.
However, there is no guarantee that gold prices will continue falling. International market movements and changes in buying and selling activity could influence the next price update.
People planning wedding jewellery purchases may see the recent decline as an opportunity to buy at lower rates. Investors, meanwhile, will be watching international bullion prices to determine whether the current correction will continue.
For now, gold prices in Pakistan remain under pressure after losing Rs15,900 per tola in just two days.
Also read: Gold Prices Crash in Pakistan! 24K Gold Falls to Rs422,036 Per Tola
