ISLAMABAD – Gold prices in Pakistan extended their losing streak on October 22, pushing the golden metal to lowest reported level of the month as weakening international bullion rates triggered another major decline in the domestic market.
The latest downturn wiped Rs10,500 off the price of one tola of gold since October 10, marking a significant reversal for a market that had repeatedly crossed the Rs440,000 threshold earlier this month.
On Thursday, the price of 24-karat gold dropped by Rs3,000 on Thursday, settling at Rs431,536 per tola, down from Wednesday’s Rs434,536. The rate for 10 grams of 24-karat gold also decreased by Rs2,572, reaching Rs369,972.
Gold and Silver Rates in Pakistan
| Precious Metal | Latest Rate | Change |
|---|---|---|
| 24K Gold (1 Tola) | Rs431,536 | −Rs3,000 |
| 24K Gold (10 Grams) | Rs369,972 | −Rs2,572 |
| Silver (1 Tola) | Rs6,086 | −Rs121 |
| International Gold (1 Ounce) | $4,090 | −$30 |
Silver prices followed gold’s downward trajectory, falling by Rs121 per tola to Rs6,086. Meanwhile, gold in the international market declined by $30 per ounce, slipping from $4,120 to $4,090, according to the reported market figures.
Gold Loses Rs10,500 in 2 Weeks
Gold opened the month at Rs438,636 per tola on October 1 before climbing to Rs440,636 the following day. The market then experienced a sharp Rs4,300 correction on October 3, taking the rate down to Rs436,336.
Prices recovered in subsequent sessions, with October 9 recording the month’s largest single-session increase of Rs5,900. That rally lifted gold to Rs440,936 per tola. On October 10, gold reached Rs442,036, its highest reported level during the period under review. However, the upward momentum did not last.
Gold fell to Rs439,936 on October 12, briefly recovered to Rs440,836 on October 13, and subsequently experienced further fluctuations before entering a more pronounced downward trend. By October 20, the rate had fallen to Rs435,436, followed by Rs434,536 on October 21 and Rs431,536 on October 22. This means that gold has lost approximately 2.38% of its value since its October 10 peak.
Gold Price October 2026
| Date | Gold Price per Tola (24K) |
|---|---|
| October 1, 2026 | Rs438,636 |
| October 2, 2026 | Rs440,636 |
| October 3, 2026 | Rs436,336 |
| October 5, 2026 | Rs437,536 |
| October 6, 2026 | Rs437,536 |
| October 7, 2026 | Rs434,436 |
| October 8, 2026 | Rs435,036 |
| October 9, 2026 | Rs440,936 |
| October 10, 2026 | Rs442,036 |
| October 12, 2026 | Rs439,936 |
| October 13, 2026 | Rs440,836 |
| October 14, 2026 | Rs437,836 |
| October 15, 2026 | Rs437,836 |
| October 16, 2026 | Rs440,636 |
| October 17, 2026 | Rs439,036 |
| October 19, 2026 | Rs439,036 |
| October 20, 2026 | Rs435,436 |
| October 21, 2026 | Rs434,536 |
| October 22, 2026 | Rs431,536 |
Gold Price Trend in Pakistan – October 2026
What’s Behind the Latest Gold Price Decline?
The drop in Pakistani gold rates has coincided with a broader decline in international bullion prices. International gold fell to $4,090 per ounce on Thursday, compared with $4,120 the previous day.
Pakistan’s domestic bullion market is influenced by global gold quotations, the rupee-dollar exchange rate and local demand. Because international gold is priced in US dollars, fluctuations in the Pakistani rupee can either amplify or partially offset changes in global bullion rates.
