Gold prices recorded a sharp decline in Pakistan on Thursday, 22 October 2026, with the price of 24-karat gold falling by Rs3,000 per tola to Rs431,536, according to the latest rates released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The 10-gram rate dropped by Rs2,572 to Rs369,972, and silver also moved lower.
This guide gives you the complete updated rate table for all karats, how much each unit fell compared to the previous session, why prices moved, how the per-tola rate is actually decided in Pakistan, and what to check before you buy or sell jewellery today.
One honest note before the numbers: gold rates are revised through the trading day, so different publishers may show slightly different intraday snapshots (you may see figures between roughly Rs429,500 and Rs431,536 for today). The figures below are the association’s officially released session rates reported by Business Recorder and MM News. Always confirm the live rate with your local sarafa market before making a transaction.
Gold Rate at a Glance — 22 October 2026
| Feature | Details |
|---|---|
| Date | Thursday, 22 October 2026 |
| Rate source | All Pakistan Sarafa Gems and Jewellers Association (APSGJA) |
| 24K gold per tola | Rs431,536 (down Rs3,000) |
| 24K gold per 10 grams | Rs369,972 (down Rs2,572) |
| Silver per tola | Rs6,086 (down Rs121) |
| International gold | $4,090 per ounce (down $30) |
| Trend | Declining — both local and international markets |
Today’s Gold Rates in Pakistan — Full Karat Table
Here are the revised rates for 22 October 2026. The 24K figures and the 22K 10-gram figure are the association’s released rates; the remaining karat values are calculated from the 24K benchmark using standard purity ratios (22K = 916/999, 21K = 875/999, 18K = 750/999), which is how jewellers derive them in practice. Small rounding differences between shops are normal.
| Karat | Per Tola (11.66 g) | Per 10 Grams | Per Gram | Status |
|---|---|---|---|---|
| 24K | Rs431,536 | Rs369,972 | Rs36,997 | Released rate |
| 22K | Rs395,683 | Rs339,153 | Rs33,915 | 10g released; rest calculated |
| 21K | Rs377,972 | Rs324,050 | Rs32,405 | Calculated |
| 18K | Rs323,976 | Rs277,757 | Rs27,776 | Calculated |
| Silver | Rs6,086 | Rs5,217 | Rs522 | Released rate |
Note: 22K is the karat most commonly used for jewellery in Pakistan. 24K gold is softer and is mostly bought in bar or coin form for investment.
How Much Did Gold Fall Today?
Compared with the previous session’s released rates, every benchmark moved down:
| Benchmark | Previous Session | Today (22 Oct 2026) | Change |
|---|---|---|---|
| 24K per tola | Rs434,536 | Rs431,536 | − Rs3,000 |
| 24K per 10 grams | Rs372,544 | Rs369,972 | − Rs2,572 |
| 22K per 10 grams | Rs341,511* | Rs339,153 | − Rs2,358 |
| Silver per tola | Rs6,207 | Rs6,086 | − Rs121 |
| Silver per 10 grams | Rs5,321* | Rs5,217 | − Rs104 |
| International gold per ounce | $4,120 | $4,090 | − $30 |
| International silver per ounce | $57.29 | $56.08 | − $1.21 |
*Derived from the reported per-unit declines. The per-tola, per-10-gram (24K), silver, and international figures are the released numbers.
Why Did Gold Prices Drop Today?
The local decline followed the international market: gold fell by $30 per ounce to $4,090, and silver fell by $1.21 per ounce to $56.08. Pakistan’s local rates are built directly on the international spot price, so a global pullback almost always shows up in the next local announcement.
Two things worth keeping in mind:
- The association does not publish a reason breakdown with its rate release — the international move is the visible driver, but no official statement attributes today’s cut to any single local factor.
- The rupee-dollar rate also feeds the local price. A stronger rupee can deepen a local fall even when the global price barely moves. Today’s reports do not confirm a rupee move as the driver, so treat that as background, not fact.
Gold has been volatile through October 2026, with several thousand-rupee swings within single weeks — the previous session’s Rs434,536 per tola itself followed earlier ups and downs this month. Single-session moves of Rs2,000–Rs5,000 are not unusual when the international price shifts by $25–$40 an ounce, because the dollar conversion magnifies every global move in rupee terms. What is unusual is the speed: two business outlets reported today’s cut within hours of the association’s release, which tells you how closely the trade watches the board right now. For context on how this month’s rates have moved, see our gold rate table for 22 October 2026.
How the Per-Tola Rate Is Decided in Pakistan
The number on the sarafa board is not set by your local jeweller. It is built every session in roughly this order:
- International spot price. Gold trades per troy ounce in US dollars on global markets (London, COMEX). This is the starting input.
- Dollar-to-rupee conversion. The dollar figure is converted at the prevailing open-market exchange rate. A weaker rupee pushes the local rate up even if global gold is flat.
- The association announces the rate. The All Pakistan Sarafa Gems and Jewellers Association releases the benchmark per-tola and per-10-gram rates that markets across Karachi, Lahore, Islamabad, and Peshawar follow.
- Local adjustments. Individual shops may quote a small premium or discount, and making charges (mazdoori) and taxes are added on top — they are never included in the board rate.
Common Mistakes to Avoid When Buying Gold Today
- Assuming the board rate is the final price. Making charges, wastage, and taxes are charged separately. Ask for the all-in price in writing before you pay.
- Not confirming the karat. Jewellery sold as “gold” is usually 22K or 21K, not 24K. Ask the shop to state the karat on the receipt.
- Buying on a single quote. Rates move intraday — get quotes from two or three reputable jewellers and compare the total, not just the per-tola figure.
- Skipping the receipt. Always take a stamped receipt showing weight, karat, per-gram rate, and making charges. Without it, resale becomes a dispute.
- Paying advances to unknown sellers. Festival-season and wedding-season scams spike when prices swing. Do not transfer advance payments to sellers you cannot verify in person.
- Confusing 10-gram and per-tola prices. One tola equals 11.66 grams, not 10. Comparing a 10-gram quote with a per-tola quote without converting is a classic error.
FAQs — Gold Price in Pakistan, 22 October 2026
What is the gold rate in Pakistan today?
As per the All Pakistan Sarafa Gems and Jewellers Association’s released rates for 22 October 2026, 24-karat gold is Rs431,536 per tola and Rs369,972 per 10 grams, after a Rs3,000 per-tola decline.
How much did gold fall per tola today?
24K gold fell by Rs3,000 per tola — from Rs434,536 in the previous session to Rs431,536 today.
What is the 22K gold price per tola today?
The association released the 22K 10-gram rate at Rs339,153 (down Rs2,358). Derived from the 24K benchmark, 22K per tola works out to approximately Rs395,683. Confirm the exact figure with your jeweller, as shops round differently.
What is the silver rate today?
Silver fell by Rs121 per tola to Rs6,086, and the 10-gram rate is Rs5,217 (down Rs104).
Why are different websites showing different gold rates today?
Rates are revised through the trading day, so a morning snapshot and an afternoon snapshot can differ. The figures in this article are the association’s officially released session rates; live market quotes move around them. Always confirm with your local sarafa market before buying.
Is this a good time to buy gold?
Readinfoss does not give investment advice. A Rs3,000 drop lowers the entry price, but gold remains volatile this month. If you are buying jewellery for a wedding, compare all-in prices (gold + making charges + tax) across shops rather than timing the board rate.
Are making charges included in the per-tola rate?
No. The board rate covers the metal only. Making charges (mazdoori), wastage, and applicable taxes are always extra — ask for them separately and in writing.
How do jewellers calculate the 22K price from the 24K rate?
They multiply the 24K rate by the purity ratio: 22K is 916 parts gold per 999 (about 91.7%), 21K is 875/999, and 18K is 750/999. So with 24K at Rs431,536 per tola, 22K works out to roughly Rs395,683 per tola. The association only publishes the 24K benchmark (and the 22K 10-gram figure today) — everything else is derived, which is why shops differ by a few hundred rupees.
How many grams are in one tola?
One tola equals 11.66 grams (11.6638 grams precisely). The 10-gram rate is a separate quote, not a rounded tola — Rs369,972 per 10 grams versus Rs431,536 per tola today. Never compare the two without converting.
Where can I verify the official rate?
The benchmark comes from the All Pakistan Sarafa Gems and Jewellers Association and is reported by business press including Business Recorder and MM News. Your city’s sarafa association or a reputable jeweller’s board is the practical place to confirm the live quote.
Final Thoughts
Thursday brought meaningful relief for buyers: 24-karat gold is down Rs3,000 per tola to Rs431,536, with silver also cheaper, tracking a $30 slide in international gold to $4,090 per ounce. The drop is confirmed across the association’s released rates and reported by multiple business outlets.
That said, treat any single session’s rate as a snapshot, not a promise — October has already shown how fast the board can swing back. Confirm the live rate at your local market, get every charge in writing, and never send advance payments to unverified sellers. For the morning’s full rate table and karat breakdown, see our 22 October gold rate guide.
