Gold Prices in Pakistan Fall for 5th Day, Down Rs 17,000 in Five Sessions

Gold prices Pakistan fell again on Saturday, extending a losing run that has now lasted five straight sessions. The price of 24-karat gold dropped by Rs 2,500 to Rs 422,036 per tola, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association, known as APGJSA. For buyers who were waiting for a correction, the move is significant. For sellers and jewellers, it is a reminder of how quickly sentiment can change in the bullion market.

Saturday's fall was not the largest of the week, but it completed a sharp five-day slide in gold prices Pakistan. Taken together, the losses add up to Rs 17,000 per tola in five sessions. That is the story in one line, but the day by day pattern shows why traders are watching the international market so closely.

What happened on Saturday

On Saturday, 24 October 2026, 24-karat gold closed at Rs 422,036 per tola after a fall of Rs 2,500. The 10-gram rate for 24-karat gold fell by Rs 2,144 to Rs 361,827. The 10-gram rate for 22-karat gold dropped by Rs 1,966 to Rs 331,686.

These are the official local rates, and they are the figures most jewellers in Pakistan use as a starting point. The final price a customer pays in a shop can still differ, because making charges, shop margins, and local taxes are added separately. That is why two shops can quote slightly different prices for the same design, even on the same day.

Silver also eased on Saturday, although the move was much smaller. Silver per tola fell by Rs 7 to Rs 5,858, while 10 grams of silver dropped by Rs 6 to Rs 5,022. In the international market, silver slipped by 7 cents to $53.80 per ounce.

Five straight days of losses

The losing streak began on Tuesday, 20 October, and each session added to the total. The pattern was as follows:

• Tuesday, 20 October: gold fell by Rs 3,600 per tola, to Rs 435,436
• Wednesday, 21 October: gold fell by Rs 900 per tola, to Rs 434,536
• Thursday, 22 October: gold fell by Rs 3,000 per tola, to Rs 431,536
• Friday, 23 October: gold fell by Rs 7,000 per tola, to Rs 424,536
• Saturday, 24 October: gold fell by Rs 2,500 per tola, to Rs 422,036

Friday was the heaviest day of the slide, with a Rs 7,000 drop in a single session. Saturday's Rs 2,500 fall was smaller, but it confirmed that the downward pressure had not yet ended. Before this five-day run began, gold was trading at Rs 439,036 per tola. The Rs 17,000 total loss is simply the difference between that starting level and Saturday's close.

It is worth putting that run in context. A five-day fall does not mean gold prices Pakistan have collapsed. It means a strong rally has given back a large part of its recent gains in a short time. Markets often move in this way, with a fast rise followed by a fast correction, especially when international prices are also moving.

Gold prices Pakistan down from the October peak

Gold prices Pakistan are now about Rs 20,000 below their monthly peak. On 10 October, gold reached Rs 442,036 per tola, the highest level recorded that month. Saturday's close of Rs 422,036 is exactly Rs 20,000 lower, a fall of about 4.5 percent from that peak.

That comparison matters for two reasons. First, it shows that the recent slide has wiped out the gains made in the first half of October, when gold briefly crossed Rs 442,000 per tola. Second, it shows that gold is still trading at a very high level in absolute terms, even after the correction. A price of more than Rs 422,000 per tola is still far above the levels seen in most of the past year, and buyers should not mistake a correction for a return to cheap gold.

Last week, gold prices Pakistan also started closing below some key levels in the local market, which traders often read as a sign that short-term momentum has turned negative. That does not guarantee further falls, but it does explain why many market watchers are now looking for the next support level rather than the next record high.

International prices below $4,000

The local market did not fall on its own. It followed the global trend, as it usually does. On Saturday, the international price of gold fell by $25 to $3,995 per ounce, down from $4,020 the previous day. That took gold below the $4,000 mark, a level that many traders watch closely.

When international gold falls, gold prices Pakistan usually follow, because the local rate is largely derived from the international price, adjusted for the rupee-dollar rate and local demand. A $25 fall in a single day is not huge by itself, but it came on top of falls in the previous sessions, and the combined effect was enough to push local prices down sharply.

Market reports have linked the recent volatility to uncertainty around the Middle East situation and concerns about global inflation. Those factors can pull gold in opposite directions. In uncertain times, some investors buy gold as a safe asset. At other times, a stronger dollar or changing expectations about interest rates can push gold down. At the moment, the second force appears to be winning in the short term.

What this means for buyers

For ordinary buyers, the practical message is simple: check the latest APGJSA rate before you buy, and ask the jeweller to break down the price into gold value, making charges, and any other costs. When gold prices Pakistan fall, it does not automatically mean a falling jewellery price by the same amount, because making charges do not fall with the gold rate.

For people buying gold as an investment, the same caution applies. A five-day fall can be an opportunity for some buyers, and a warning sign for others. No one can know from one week of prices whether gold will keep falling, stabilise, or rise again. This article is not investment advice, and anyone making a large purchase should consider their own budget and risk, rather than acting on a single day's headline.

For sellers, the message is equally clear. If you were planning to sell, the price you would have received on Saturday was Rs 17,000 per tola lower than it was before the slide began, and Rs 20,000 lower than the October peak. That is a large difference on a single tola, and an even larger difference on a larger quantity.

FAQs

What is the latest gold price in Pakistan?

On Saturday, 24 October 2026, 24-karat gold was Rs 422,036 per tola, down Rs 2,500 on the day, according to APGJSA rates.

How much has gold fallen in five days?

Gold prices Pakistan have fallen by Rs 17,000 per tola over five straight sessions, from Rs 439,036 per tola before the slide to Rs 422,036 per tola on Saturday.

Why are gold prices falling in Pakistan?

Gold prices Pakistan are following the international market. International gold fell by $25 to $3,995 per ounce on Saturday, taking it below $4,000, and that pressure has been reflected in local rates.

What happened to silver prices?

Silver also eased on Saturday. Silver per tola fell by Rs 7 to Rs 5,858, while 10 grams of silver fell by Rs 6 to Rs 5,022.

The next few sessions will show whether Saturday was the end of this correction or just a pause. If international gold recovers above $4,000, gold prices Pakistan may stabilise. If it keeps falling, local rates are likely to follow. For now, the numbers are clear: five days down, Rs 17,000 lost per tola, and gold trading well below its October peak.