KARACHI, October 23, 2026: Gold prices in Pakistan fell sharply on Friday, October 23, 2026, as the price of 24-karat gold declined by Rs7,000 to Rs424,536 per tola, extending the downward trend seen in the previous trading session.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of gold dropped by Rs6,001 to Rs363,971, compared with Rs369,972 on Thursday.
The latest decline followed a $70 reduction in international gold prices, which settled at $4,020 per ounce, compared with $4,090 a day earlier.
Gold rates in Pakistan on October 23, 2026
| Gold category | Price today | Daily change |
|---|---|---|
| 24K gold per tola | Rs424,536 | Down Rs7,000 |
| 24K gold per 10 grams | Rs363,971 | Down Rs6,001 |
| International gold per ounce | $4,020 | Down $70 |
Friday’s decrease pushed the domestic gold price below Rs425,000 per tola, marking another substantial reduction in bullion rates.
The price movement followed Thursday’s decline of Rs3,000 per tola, indicating continued downward pressure on the local gold market.
Gold rates in Pakistan on October 22, 2026
Gold prices had already fallen during the previous trading session. On Thursday, October 22, the price of 24-karat gold declined by Rs3,000 to Rs431,536 per tola.
The price of 10 grams of gold dropped by Rs2,572 to Rs369,972, while international gold prices decreased by $30 to $4,090 per ounce.
| Gold category | October 22 price | Daily change |
|---|---|---|
| 24K gold per tola | Rs431,536 | Down Rs3,000 |
| 24K gold per 10 grams | Rs369,972 | Down Rs2,572 |
| International gold per ounce | $4,090 | Down $30 |
For the previous day’s detailed figures, read our report on gold prices in Pakistan on October 22, 2026.
Gold prices fall Rs10,000 per tola in two days
The latest figures show that gold prices in Pakistan have declined by a combined Rs10,000 per tola over two trading sessions, falling from Rs434,536 on October 21 to Rs424,536 on October 23.
Over the same period, the price of 10 grams of gold decreased by Rs8,573, while international bullion rates dropped by $100 per ounce.
The decline reflects falling international gold prices, which remain an important influence on domestic bullion rates alongside exchange-rate movements and local market conditions.
For buyers and investors, the latest reduction represents a significant change in gold prices within a short period. However, retail jewellery prices may vary because of making charges and other costs.