Gold prices in Pakistan declined on October 12, 2026, after the precious metal lost value in the international market. The price of 24-karat gold fell by Rs2,100 per tola, bringing the rate down to Rs439,936. The latest decline reversed the increase recorded over the weekend and offered a fresh update for buyers and sellers tracking the local bullion market.
The price of 10 grams of gold also decreased by Rs1,800 to Rs377,174. The reduction followed Saturday’s increase, when gold gained Rs1,100 per tola to reach Rs442,036. Monday’s decline pushed the rate lower than the previous reported level.
International Gold Prices Also Fall
Gold prices in the international market decreased by $21 per ounce to settle at $4,174. The decline in global bullion prices was reflected in Pakistan’s domestic market, where gold rates are closely linked to international trends.
International gold prices can change due to movements in the US dollar, investor demand, interest rate expectations and global economic uncertainty. These factors can influence how investors view gold as a store of value.
In Pakistan, the exchange rate and local market conditions also affect the final price. As a result, domestic gold rates may change when international prices move or currency conditions shift.
Gold Prices in Pakistan
According to the reported rates for October 12, the main prices were:
- 24-karat gold per tola: Rs439,936
- 24-karat gold per 10 grams: Rs377,174
- International gold price: $4,174 per ounce
These figures reflect the reported market rates and may change as fresh prices become available. Buyers should confirm the latest rate with a local jeweller before making a purchase.
City-Wise Gold Rates
Gold rates can differ between cities and individual jewellery markets because of local demand, supply conditions and differences in buying and selling prices.
In Lahore, reported figures included Rs435,500 and Rs435,000 for a listed category described as “Piece”, while the rates for “Pathoor” were Rs430,000 and Rs428,000. A separate listing reported a selling rate of Rs6,500 for a one-kilogram bar, although the unit and pricing basis should be verified before comparing it with per-tola rates.
In Karachi, the reported selling rate was Rs436,000. In Peshawar, a selling rate of Rs447,500 was reported. These city-level figures do not match the national benchmark exactly, so buyers should confirm the gold purity, unit, rate type and update time before relying on them.
What Should Gold Buyers Know?
People planning to buy gold jewellery should check the current rate for the required purity and weight. Making charges, design costs and jeweller margins can increase the final purchase price beyond the quoted gold rate.
Those planning to sell gold should also ask about the buying rate and any deductions applied by the jeweller. Comparing rates from reputable dealers can help buyers and sellers make more informed decisions.
The latest fall highlights how quickly gold prices can change in response to international market movements. Anyone planning a transaction should confirm the latest local rate rather than relying solely on an earlier price update.
