Gold Price Falls Rs6,500 Per Tola in Pakistan to Rs429,136 as Dollar Firms

By Bilal Ahmed | Updated: 7 November 2026

Gold became cheaper in Pakistan on Friday, 6 November 2026, as the price of 24-karat gold fell by Rs6,500 per tola to Rs429,136, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The drop tracked the international market, where bullion slipped $65 to $4,066 per ounce. If you were waiting for a dip before buying jewellery, Friday gave you the first real breather in days — though, as this week has shown, the relief may not last long.

Gold Price Falls Rs6,500 in a Single Day

Friday’s fall was the kind of move that makes both jewellers and buyers stop and recalculate. A tola of 24-karat gold that cost Rs435,636 on Thursday evening was selling at Rs429,136 by Friday. For a family buying five tolas for a wedding set, the same jewellery would have cost Rs32,500 less on Friday than it did a day earlier.

Ten grams of 24-karat gold fell by Rs5,573 to Rs367,914, down from Rs373,487 — the weight most buyers actually deal with when they walk into a sarafa shop for a small set or a pair of bangles.

What makes the fall striking is what came just before it. Gold had risen for two consecutive sessions, and Thursday alone had added Rs9,600 per tola. Friday’s slide wiped out most of that one-day gain in a single session. That is the pattern of this market right now: big jumps followed by sharp corrections, with thousands of rupees swinging in either direction within 24 hours. Anyone who bought at Thursday’s peak and anyone who waited until Friday paid very different prices for exactly the same gold.

Why Did Gold Fall? The Dollar Did the Damage

Gold’s fall in Pakistan was not a local story. It was driven by what happened in the international market, and the chain of events is straightforward once you see it in order.

First, the US dollar strengthened. The dollar rose 0.7% to its highest level since 29 October, and a stronger dollar makes gold more expensive for buyers using other currencies, which usually cools demand. Second, benchmark 10-year US Treasury yields moved higher, which raises the opportunity cost of holding gold — an asset that pays no interest. Both moves followed stronger-than-expected US employment data, which told traders the American economy was running hotter than forecast and that interest rates may stay higher for longer.

When those two forces hit together, international gold fell. Spot gold dropped 1% to $4,047.10 per ounce during Friday’s session, after touching an intraday low of $4,033.29, and US gold futures for December delivery fell 1.4% to $4,057.20. The APGJSA’s daily rate is set off the international price, so the local market simply followed the global move down.

The rupee did not add to the pressure: it actually gained a paisa to close at Rs276.66 against the dollar on Friday, compared with Rs276.67 a day earlier. The fall in the local gold price was driven by the international slide, not by the currency. Despite Friday’s drop, spot gold was still up 4.5% for the week — its strongest weekly performance since late August — so nobody in the market is calling this the end of the rally. For now, it looks like a pause.

What Traders Are Watching Next

Interactive Commodities Director Adnan Agar said international gold had fluctuated during the week between a high of $4,109 and a low of $4,029, with the market trading at around $4,050. His warning was about Monday: the direction of global equity markets could play an important role in determining where gold goes next.

The logic is simple: if stock markets fall sharply, leveraged investors must deposit extra cash to hold their positions, and they sometimes sell gold to raise it — adding selling pressure to bullion. Agar called a Monday sell-off a risk, not a certainty. If equities avoid a correction, he added, gold could gradually regain momentum as prices stabilise.

He also noted gold had touched a low of around $3,850 during the year and had not fallen below it since. For ordinary buyers, the takeaway is plain — check the rate on the day you buy, because the gap between one day’s price and the next is currently measured in thousands of rupees, not hundreds.

Silver Also Became Cheaper

Silver followed gold downward. The per-tola silver rate in Pakistan fell by Rs85 to Rs5,678, down from Rs5,763, while 10 grams of silver fell by Rs73 to Rs4,867. Silver usually moves in gold’s shadow, and Friday was no exception. The drop is smaller in absolute terms, but for buyers of silver jewellery or investment bars, it is the same welcome direction. Confirm the day’s APGJSA quote with your jeweller before you settle, because sarafa shops can quote slightly different rates during the day.

What This Means If You Are Buying Gold Now

Friday’s drop is good news if you have been putting off a purchase. A Rs6,500 saving per tola is meaningful, and it comes after a week in which prices moved fast in both directions. But there are three things worth keeping in mind before you rush to the market.

First, the official rate is a benchmark, not a shop price. The APGJSA rate of Rs429,136 per tola is the association’s published reference rate; jewellers add making charges on top. Always ask for the weight, the per-tola rate and the making charges separately, so you can see exactly what you are paying for.

Second, live sarafa trackers can show a different number from the APGJSA rate. Some online trackers quote a lower intraday benchmark — around Rs424,600 per tola on Friday — but that is a different benchmark from a different source, not the APGJSA’s official rate. Use the APGJSA figure as your reference.

Third, timing matters more than ever. With daily swings of Rs6,500 to Rs9,600 per tola, buying after a dip like Friday’s rather than after a spike like Thursday’s can save more than the making charges on a small piece.

No Gold Trading on Monday — Iqbal Day Holiday

There will be no fresh gold rate on Monday, 9 November 2026. The federal government has declared a nationwide public holiday for Iqbal Day, marking the birth anniversary of national poet Allama Muhammad Iqbal, and the State Bank of Pakistan has confirmed banks will remain closed. Government offices, the stock exchange and most schools will also be shut, and normal trading resumes on Tuesday, 10 November.

That makes Friday’s rate of Rs429,136 per tola the last official quote until Tuesday morning. The international gold price will keep moving while Pakistani markets are shut, so Tuesday’s opening rate could look quite different. If you are planning a purchase, Tuesday’s rate — not Friday’s — is the number to check.

Related Coverage

Gold does not move in isolation. The dollar rate in Pakistan today is one of the two numbers that decides the local gold price, and it held almost steady on Friday even as gold fell. The latest petrol and diesel prices in Pakistan are also worth checking. And Friday was not the first sharp fall this season — gold had already dropped steeply in late October, when the gold price fell by Rs11,000 per tola in a single day.

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