Gold prices in Pakistan fell sharply as the new trading week opened, with 24-karat gold shedding Rs5,100 per tola to settle at Rs420,536, according to rates compiled from the All Pakistan Sarafa Gems and Jewellers Association and carried by multiple outlets including The Express Tribune and Business Recorder. The drop takes the per-tola rate down from Thursday’s Rs425,636, and follows a sell-off that briefly pushed international bullion to its lowest level in a year.
The decline tracks a global flight from gold and silver on Friday, as a sharp sell-off in technology shares spread across markets. Investors grew nervous that heavy spending on artificial intelligence infrastructure may not generate returns quickly enough, triggering a broader risk-off move that hit bullion alongside equities. Spot gold fell roughly 3 percent to around $3,897 an ounce by mid-morning in New York, according to Reuters data cited by The Express Tribune, slipping below the closely watched $4,000 mark for the first time since October 2025. Business Recorder’s own tracker, sourced from local dealers, put the international move at a $51 decline to about $3,980 an ounce earlier in the session, underscoring how fast the price moved through the day. The Pakistani rupee closed at 276.75 against the US dollar, a level that had limited additional cushioning effect on the rupee-denominated price this time.
| Metal / Karat | Per Tola | Per 10 Grams |
|---|---|---|
| Gold 24K | Rs420,536 | Rs360,541 |
| Gold 22K | Rs385,491 | Rs330,496 |
| Gold 21K | Rs367,969 | Rs315,473 |
| Gold 18K | Rs315,402 | Rs270,406 |
| Silver | Rs5,530 | Rs4,741 |
| International Gold (per ounce, USD) | ~$3,897–$3,980 | |
Silver followed gold lower, with the local rate down Rs238 per tola to Rs5,530 (Rs4,741 per 10 grams). Internationally, silver’s slide was even steeper: Reuters data cited by The Express Tribune showed the metal falling 6 percent to around $49 an ounce, its first break below the $50 level in 11 months, while Business Recorder’s tracker recorded a smaller decline to $50.52. Platinum and palladium also fell during the same session, with palladium slipping below $1,000 an ounce, as the broader precious-metals complex reached technically oversold territory on relative-strength readings.
Dealers in Lahore, Karachi, Islamabad and Peshawar were quoting the same nationwide rate, as is standard practice when the Sarafa associations issue a single daily reference rate. Compared to Thursday’s rate update, gold has now given back a large share of its recent gains, though it remains well above year-ago levels after a strong run through much of 2026.
