KARACHI – Gold prices in Pakistan suffered dramatic reversal in October 2026, with 24K bullion losing Rs20,000 per tola from its monthly peak and Rs17,000 in just five consecutive trading sessions, bringing welcome price relief for buyers while exposing investors to sharp market volatility.
The price of 24-karat gold fell by another Rs2,500 to Rs422,036 per tola, while price of 10 grams of gold also dropped by Rs2,144, settling at Rs361,827.
New Gold Rates
Gold opened the month at Rs438,636 per tola on October 1 before experiencing several fluctuations during the first week. Prices gained momentum on October 9, when gold jumped Rs5,900 to Rs440,936. The upward movement continued the following day, taking the precious metal to Rs442,036 per tola on October 10, its highest recorded level of the month.
However, the rally failed to hold. Despite occasional recoveries, including a Rs2,800 increase on October 16, gold gradually lost momentum before entering a sharper downward phase in the final week covered by the data. By October 24, the price had dropped to Rs422,036, representing a Rs20,000 reduction from the October 10 peak, or approximately 4.52%.
| Date | Gold Per Tola | Daily Change |
|---|---|---|
| October 1 | Rs438,636 | −Rs3,000 |
| October 2 | Rs440,636 | +Rs2,000 |
| October 3 | Rs436,336 | −Rs4,300 |
| October 5 | Rs437,536 | +Rs1,200 |
| October 6 | Rs437,536 | Unchanged |
| October 7 | Rs434,436 | −Rs3,100 |
| October 8 | Rs435,036 | +Rs600 |
| October 9 | Rs440,936 | +Rs5,900 |
| October 10 | Rs442,036 | +Rs1,100 |
| October 12 | Rs439,936 | −Rs2,100 |
| October 13 | Rs440,836 | +Rs900 |
| October 14 | Rs437,836 | −Rs3,000 |
| October 15 | Rs437,836 | Unchanged |
| October 16 | Rs440,636 | +Rs2,800 |
| October 17 | Rs439,036 | −Rs1,600 |
| October 19 | Rs439,036 | Unchanged |
| October 20 | Rs435,436 | −Rs3,600 |
| October 21 | Rs434,536 | −Rs900 |
| October 22 | Rs431,536 | −Rs3,000 |
| October 23 | Rs424,536 | −Rs7,000 |
| October 24 | Rs422,036 | −Rs2,500 |
How Much Cheaper Has Gold Become for Buyers?
| Gold | Price Peak | Price on October 24 | Difference |
|---|---|---|---|
| 1 tola | Rs442,036 | Rs422,036 | Rs20,000 |
| 2 tolas | Rs884,072 | Rs844,072 | Rs40,000 |
| 5 tolas | Rs2,210,180 | Rs2,110,180 | Rs100,000 |
| 10 tolas | Rs4,420,360 | Rs4,220,360 | Rs200,000 |
Pakistan’s latest price correction has coincided with falling international gold prices. The global bullion rate declined by $25 per ounce on Saturday to $3,995, crossing below the closely watched $4,000 level. International gold movements play an important role in determining domestic bullion prices, alongside exchange-rate fluctuations and local market conditions.
The latest figures show that both domestic and international gold markets weakened during Saturday’s trading, although the available data does not establish how much of Pakistan’s decline was attributable to each factor.