Gold prices in Pakistan continued their downward trend on Saturday, October 24, 2026, falling to a reported five-month low as international bullion prices dropped below $4,000 per ounce. The decline marked the fifth consecutive day of falling gold prices, providing some relief to buyers amid continued volatility in the precious metals market.
According to rates reported by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold fell by Rs2,500 per tola to Rs422,036. The price of 10 grams of 24-karat gold also declined, dropping by Rs2,144 to Rs361,827.
Internationally, gold fell by $25 per ounce to $3,995, moving below the $4,000 mark. Silver prices in Pakistan also recorded a decline, following the downward movement in the gold market.
The latest drop comes amid a broader correction in bullion prices, with international market movements continuing to influence rates in Pakistan. The reported prices provide an important reference for consumers planning jewellery purchases and investors monitoring the precious metals market. (UrduPoint, citing APP)
Latest Gold Prices in Pakistan on October 24, 2026
The domestic gold market recorded another decline on Saturday, extending the downward movement seen over the preceding four trading days.
The latest reported rates are as follows:
- 24-karat gold per tola: Rs422,036
- 24-karat gold per 10 grams: Rs361,827
- 22-karat gold per 10 grams: Rs331,686
- International gold price: $3,995 per ounce
The 24-karat gold rate decreased by Rs2,500 per tola compared with the previous reported price of Rs424,536.
Similarly, the rate for 10 grams of 24-karat gold fell by Rs2,144, while 10 grams of 22-karat gold became cheaper by Rs1,966.
These figures were reported by the All Pakistan Sarafa Gems and Jewellers Association. Actual retail jewellery costs can differ because jewellers may add making charges and other applicable costs.
Gold Continues Its Fifth Consecutive Day of Decline
The latest reduction extends a series of price drops in Pakistan’s gold market.
Gold had already recorded substantial declines in the preceding trading sessions, putting downward pressure on domestic rates. The latest Rs2,500 reduction per tola added to the cumulative fall and pushed the reported price to its lowest level in around five months.
The continued decline has attracted attention from both jewellery buyers and investors, as gold is commonly purchased in Pakistan for weddings, personal savings and long-term investment.
For jewellery buyers, lower market rates can reduce the cost of purchasing gold, although the final price depends on the quantity, purity, design and additional charges applied by individual jewellers.
For investors, however, falling prices also highlight the risk of short-term market volatility. Gold prices can change rapidly in response to international trading conditions, currency movements and developments affecting investor demand.
The latest movement does not necessarily indicate that prices will continue falling in subsequent sessions.
International Gold Price Drops Below $4,000
The international bullion market also recorded a decline on October 24.
Gold fell by $25 per ounce to $3,995, compared with the previous reported level of $4,020. The drop pushed international prices below the psychologically significant $4,000 threshold.
International gold prices influence Pakistan’s domestic market because the country relies on global bullion benchmarks when determining local rates. Exchange-rate movements and local market conditions can also affect how international changes translate into rupee prices.
When international gold becomes cheaper, domestic rates generally come under downward pressure, although the size and timing of the adjustment can vary.
The latest decline in global bullion prices therefore coincided with the reduction recorded in Pakistan’s local market.
Market participants will continue to monitor international gold movements and other economic developments for indications of the precious metal’s direction in the coming sessions.
Silver Prices Also Decline in Pakistan
Silver followed gold’s downward movement on Saturday, with both per-tola and 10-gram rates recording reductions.
According to the reported market figures, the price of 24-karat silver fell by Rs7 per tola to Rs5,858.
Meanwhile, the price of 10 grams of silver decreased by Rs6 to Rs5,022.
Although the daily reduction was relatively small compared with the gold market’s movement, the decline reflected a broader weakening in domestic precious metals prices.
Silver is used in jewellery, decorative items and various industrial applications, making its price relevant to consumers and traders across different market segments.
As with gold, Pakistan’s silver prices are affected by international market movements and local conditions.
What the Latest Gold Price Drop Means for Buyers
The latest fall may offer an opportunity for consumers planning gold purchases, particularly those buying jewellery for weddings and other occasions.
At Rs422,036 per tola, the reported 24-karat gold rate is lower than the previous day’s level. However, buyers should compare the latest association rate with the actual price quoted by their jeweller before making a purchase.
Jewellery prices can include making charges, wastage charges and other costs, meaning the final bill may differ from the headline bullion rate.
Buyers should also confirm the gold’s purity and request a clear breakdown of the price before completing a transaction.
Those purchasing gold as an investment should consider that short-term declines do not guarantee further reductions. Precious metals can rise or fall depending on global economic conditions, demand and currency movements.
Will Gold Prices Fall Further?
The latest decline has raised questions about whether gold prices will continue moving lower in Pakistan.
However, Saturday’s price movement alone cannot establish the direction of the market in the coming days. Domestic rates will remain influenced by international bullion prices, the rupee-dollar exchange rate and developments affecting demand for precious metals.
The international fall below $4,000 per ounce has placed additional downward pressure on local prices, but future movements remain uncertain.
Consumers and investors should therefore monitor updated rates from the All Pakistan Sarafa Gems and Jewellers Association rather than relying solely on previous market prices.
Gold and Silver Rates at a Glance
The reported prices for Saturday, October 24, 2026, show declines across the major precious metals rates covered in the latest market update.
Gold fell by Rs2,500 per tola, while the international price dropped by $25 per ounce. Silver also recorded modest reductions in both per-tola and 10-gram prices.
The continued decline is significant for buyers watching the domestic bullion market, particularly as gold has now fallen for five consecutive days.
For now, the reported rate of Rs422,036 per tola provides the latest reference point for 24-karat gold in Pakistan, while the international price stands at $3,995 per ounce.
