KARACHI: The gold prices in Pakistan declined by more than Rs12,000 per tola in domestic market during the weekend as it provided relief to buyers from increasing rates of the precious metal due to which they could not buy gold.
As reported by All Pakistan Sarafa Gems and Jewellers Association, the rate of per tola of 24-karat gold came down by Rs12,489 to be Rs455,327 against Rs467,816 in the previous trading day. While the rate of 10 grams of 24 karats of gold had decreased by Rs11,240 making the rate Rs389,772 against Rs401,012 in the preceding day.
Global Selloff Hits Local Market
International gold prices were also decreased by $124.89 and became $4,328.92 as compared to $4,453.81 in the previous session. That global slide drove Saturday’s local correction directly Pakistan‘s sarafa associations peg daily rates to international spot prices converted at the prevailing dollar-rupee exchange rate, which means a sharp overnight move in New York or London lands on Karachi’s trading boards the following morning.
Gold Prices Follow Global Slide
Market analysts attributed the decline to shifting investor sentiment and easing safe-haven demand, with developments around the fragile Israel-Hezbollah ceasefire and ongoing regional diplomacy taking some of the fear premium out of bullion. When geopolitical anxiety eases even slightly, gold loses its safe-haven bid quickly and Friday’s global session delivered exactly that. Silver fell in tandem. The price of silver per tola dropped Rs463 to Rs7,267 from Rs7,730 the previous trading day.
Also Read: Gold Prices in Pakistan Fall Over Rs3,000 Per Tola
Saturday’s drop does not erase the broader story of where gold prices have travelled. Since 2021, gold in rupee terms has more than quadrupled from around Rs100,000 per tola to levels that have repeatedly broken records through 2025 and into 2026. Even after Saturday’s correction, a tola of 24-karat gold at Rs455,327 sits at a level that would have seemed extraordinary to Pakistani buyers just three years ago.
The local market’s sensitivity to global moves has grown sharper as the rupee stabilised against the dollar in recent months. With the exchange rate offering less cushion than it did during periods of sharp depreciation, international price movements now pass through to Pakistani consumers with greater fidelity. A $124 drop in spot gold translates cleanly into a five-figure rupee correction at current rates.
Also Read: Pakistan Gold Price Drops Rs15,500 Per Tola, Worst Single-Day Fall in Recent Weeks
For buyers, Saturday’s dip reopens conversations that many had shelved. Jewellery demand typically tracks price corrections with a lag of a few days consumers tend to confirm the move holds before committing. Investment buyers adding coins or small bars move faster. Whether this correction holds through the week depends on what global sentiment does with the Middle East situation and the next round of US economic data, both of which move gold more reliably than anything happening inside Pakistan’s domestic market.
