KARACHI – Gold prices in Pakistan extended their losing streak on last day of second week of November 2026, with precious metal becoming cheaper for local buyers as international bullion markets continued to weaken.
The latest negative trajectory pushed price of 24-karat gold down by Rs700 per tola to Rs410,936, while price of 10 grams of gold also fell by Rs600, bringing its new rate to Rs352,311.
Latest Gold and Silver Prices in Pakistan
| Precious Metal | Latest Price |
| Gold (24K) – 1 Tola | Rs410,936 |
| Gold (24K) – 10 Grams | Rs352,311 |
| Silver – 1 Tola | Rs5,343 |
| International Gold | $3,884 |
Saturday’s decline came just a day after gold suffered a much sharper fall of Rs4,900 per tola, when its price dropped to Rs411,636. The consecutive reductions mean that gold has lost Rs5,600 per tola in just two days, providing some relief to buyers while highlighting continued weakness in the bullion market.
The downward movement was also visible internationally, where gold prices slipped by another $7 to settle at $3,884 per ounce. Silver followed a similar trajectory in Pakistan, recording a decline of Rs124 per tola to reach Rs5,343.
Gold to climb higher in 2027
As gold continues to lose value in the short term, major international financial institutions are presenting a considerably different outlook for 2027.
Investment banking giant J.P. Morgan has projected that gold could surge to $6,300 per ounce by the end of 2027, driven by geopolitical tensions and expectations of lower interest rates.
The precious metal is expected to climb to $5,400 per ounce by September 2027, citing growing interest in reserve diversification and concerns surrounding government debt. Bank of America, meanwhile, expects gold to average $4,813 per ounce during 2027, supported by sustained institutional demand.
Goldman Sachs adopted more cautious position, cutting its year-end gold target from $5,400 to $4,800 per ounce. Nevertheless, the bank anticipates central banks purchasing approximately 60 tonnes of gold every month, with potential US Federal Reserve interest rate cuts providing additional market support.
Gold Price Forecasts for 2027
| Institution | Gold Price | Target Period |
|---|---|---|
| J.P. Morgan | $6,300/oz | End of 2027 |
| UBS | $5,400/oz | September 2027 |
| Wells Fargo | $5,200–$5,400/oz | End of 2027 |
| Bank of America | $4,813/oz | 2027 Average |
| Goldman Sachs | $4,800/oz | End of 2027 |
| Reuters Poll (30 Analysts) | $4,650/oz | 2027 Average |
The contrast between falling prices today and optimistic forecasts for 2027 suggests that international financial institutions continue to see considerable long-term potential in gold.
From its current international level of $3,884 per ounce, J.P. Morgan’s $6,300 target would represent a potential increase of approximately 62%, although such projections remain uncertain and depend on future market conditions.
Gold prices forecast for year 2027 by major banks, financial institutions
