The price of gold in Pakistan declined on Wednesday, October 7, 2026, with both gold and silver recording losses in the local market.
According to rates issued by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold fell by Rs3,100 per tola, bringing the price down to Rs434,436 per tola.
The latest decline comes as international bullion prices also moved lower, with gold trading below the previous day’s level in the global market.
Gold Price Falls in Pakistan
On October 7, the price of 24-karat gold was recorded at Rs434,436 per tola, compared with the previous rate after a decline of Rs3,100.
The association also reported a decrease in the price of gold measured by weight.
The price of 24-karat gold fell by Rs2,658 to Rs372,458 per 10 grams.
Meanwhile, 22-karat gold was priced at Rs341,432 per 10 grams, following a decline of Rs2,436.
The latest rates were calculated using interbank exchange rates and 999-purity gold, according to the market association.
Silver Prices Also Decline
Silver also recorded a decline in Pakistan’s local bullion market.
The price of 24-karat silver decreased by Rs100 per tola, reaching Rs6,488 per tola.
For 10 grams, 24-karat silver was priced at Rs5,562, representing a decline of Rs86.
The fall in silver prices followed a similar downward movement in international markets.
International Gold Price Drops
Gold prices also declined in the international market on Wednesday.
International gold was quoted at around $4,119 per ounce, down by $31 from the previous level.
The movement in global gold prices can influence domestic bullion rates, alongside changes in currency exchange rates and local market conditions.
For Pakistani buyers and investors, international bullion prices and the rupee-dollar exchange rate are among the factors considered when local gold rates are determined.
International Silver Also Moves Lower
International silver prices also recorded a decline.
Silver was trading at approximately $60.10 per ounce, down by $1 from the previous level.
The simultaneous declines in international gold and silver prices were reflected in the domestic market, where both precious metals posted losses.
Gold Rates at a Glance
The latest prices reported for October 7 are:
- 24-karat gold: Rs434,436 per tola
- 24-karat gold: Rs372,458 per 10 grams
- 22-karat gold: Rs341,432 per 10 grams
- 24-karat silver: Rs6,488 per tola
- 24-karat silver: Rs5,562 per 10 grams
- International gold: $4,119 per ounce
- International silver: $60.10 per ounce
Market Remains Sensitive to Global Prices
Precious-metal prices in Pakistan remain sensitive to movements in international bullion markets as well as currency exchange rates.
Gold is widely purchased in Pakistan for jewellery, savings and investment, meaning changes in the per-tola price can have a direct impact on consumers.
A Rs3,100 decline in the price of one tola represents a notable daily movement for buyers and sellers, particularly during periods of heightened volatility in global markets.
Silver prices have also remained subject to international market movements, with the local price falling by Rs100 per tola on Wednesday.
What the Latest Rates Mean for Buyers
Consumers planning to purchase gold jewellery should keep in mind that the published bullion rate is generally the base market price for the metal. The final price of jewellery can be higher because of additional charges, including making charges and other applicable costs.
Similarly, market rates can change during periods of significant movement in international bullion prices or exchange rates.
The latest figures therefore provide a snapshot of the local bullion market for October 7 rather than a fixed price for future transactions.
For now, both gold and silver have moved lower in Pakistan, following declines in international precious-metal prices.
