Gold prices in Pakistan fell sharply on Friday, 23 October 2026, with 24-karat gold dropping by Rs7,000 per tola in a single day. This is the biggest one-day fall in the local bullion market this week, and it comes just a day after gold had already lost Rs3,000 per tola.
This guide covers the new rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), how they compare with yesterday’s and this morning’s tracker figures, why international markets pushed prices down, and what buyers should check before purchasing. Figures marked as calculated are estimates derived from the official 24-karat rate, not independently issued rates.
The official information reviewed for this guide does not include separate APGJSA-issued rates for 22-karat, 21-karat and 18-karat gold today — those values in this article are calculated from the 24-karat benchmark using standard purity factors and should be treated as approximate. Retail jewellers add making charges and may quote slightly different rates.
Gold Rate at a Glance — 23 October 2026
| Detail | Current Finding |
|---|---|
| Rate source | All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) |
| 24-karat gold per tola | Rs424,536 (down Rs7,000) |
| 24-karat gold per 10 grams | Rs363,971 (down Rs6,001) |
| 22-karat gold per tola | ~Rs389,200 (calculated, not independently confirmed) |
| Silver per tola | Rs5,865 (down Rs221) |
| International gold per ounce | $4,020 (down $70) |
| Two-day total drop | Rs10,000 per tola since Thursday morning’s levels |
Today’s Gold Rates in Pakistan — Full Karat Table
The APGJSA issues the official benchmark for 24-karat gold. The remaining figures below are calculated using the standard purity factors (22K = 91.67%, 21K = 87.5%, 18K = 75%) and the Pakistan conversion of one tola = 11.6638 grams. These are approximate — your jeweller’s quoted rate is the one that matters at the counter.
| Karat | Per Tola | Per 10 Grams | Per Gram (approx.) |
|---|---|---|---|
| 24K | Rs424,536 | Rs363,971 | ~Rs36,400 |
| 22K | ~Rs389,200 | ~Rs333,640 | ~Rs33,370 |
| 21K | ~Rs371,470 | ~Rs318,470 | ~Rs31,850 |
| 18K | ~Rs318,400 | ~Rs272,980 | ~Rs27,300 |
Note: 22K, 21K and 18K figures are calculated estimates, not APGJSA-issued rates. Independent trackers today quote slightly different 24K figures (Rs423,000 to Rs424,600), so small variations from this table are normal — see the section on rate differences below.
How Much Did Gold Fall This Week?
Friday’s drop was not a one-off. Gold has been sliding all week, and the last two days have delivered the steepest part of the fall.
| Date | 24K Per Tola | Day’s Move |
|---|---|---|
| 16 October 2026 | Rs434,000 | — |
| 22 October 2026 | Rs431,536 | Down Rs3,000 |
| 23 October 2026 | Rs424,536 | Down Rs7,000 |
In plain terms: gold is Rs9,464 per tola cheaper than it was on 16 October, and Rs10,000 cheaper than the levels quoted on Thursday morning before the previous day’s adjustment. For a buyer purchasing one tola, that is a meaningful difference — but the same volatility means the rate can move back up just as quickly.
Why Did Gold Prices Crash Today?
The local fall followed the international bullion market, where gold prices dropped by $70 to $4,020 per ounce on Friday. According to market reporting, international gold is trading near a three-month low.
The factors being reported by market commentators include:
- A firmer US dollar: futures markets are pricing in a strong chance that the US Federal Reserve will raise interest rates in December. A stronger dollar makes gold more expensive for buyers using other currencies, which weighs on prices.
- Better US economic data: US weekly jobless claims fell to a three-month low, reinforcing the case for tighter monetary policy. Gold pays no interest, so higher expected rates make it less attractive.
- Firm oil prices: oil is holding near a one-month high on supply concerns linked to tensions in the Middle East, keeping inflation concerns alive. The Fed meets on 27–28 October, and traders will watch its statement closely.
These are analyst explanations of market moves, not guarantees. Local Pakistani rates ultimately follow the international spot price converted at the open-market dollar rate, plus local market conditions — so the dollar-to-rupee movement matters as much as the global gold price.
APGJSA vs Online Trackers — Why the Numbers Differ
You may notice different websites quoting different gold rates for today. Earlier today, this website’s own morning rate update quoted 24K gold at Rs426,500 per tola from tracker sources, while the APGJSA evening bulletin put it at Rs424,536. Independent trackers currently show a spread from roughly Rs423,000 to Rs424,600.
This is normal, and it does not mean any one source is wrong. Here is why:
- Different timing: the APGJSA issues its rate once or twice a day; online trackers update continuously through the day as international prices move.
- Different benchmarks: the APGJSA rate is the Karachi Sarafa Bazaar board rate; some trackers derive rates from international spot prices converted at their own chosen dollar rate.
- Jeweller margins: the rate a jeweller quotes you includes their own margin, making charges and local market practices — it will always differ slightly from the association rate.
How to Verify the Gold Rate Before You Buy
If you plan to buy gold jewellery or bullion today, do not rely on a single website. Use this quick verification routine:
- Check the APGJSA rate for the day: use it as your benchmark — today it is Rs424,536 per tola for 24K.
- Call two local jewellers: ask for their quoted rate per tola for the karat you want, before visiting.
- Ask for the rate breakdown in writing: the gold value, making charges, and any wastage deduction should be listed separately.
- Confirm the purity marking: check the item’s karat stamp and confirm it matches what you are paying for.
- Take a proper receipt: it should show the weight, karat, rate per tola applied, and total — keep it for resale.
Common Mistakes to Avoid When Buying Gold Today
- Paying the morning rate in the evening: rates move during the day — confirm the current rate at the time of purchase, not hours earlier.
- Ignoring making charges: jewellery making charges can add 10–20% over the gold value; always compare the total, not just the per-tola rate.
- Buying without a receipt: no receipt means no proof of weight and karat when you resell — never skip it.
- Trusting forwarded WhatsApp rates: viral rate cards are often outdated or fabricated; verify against the association rate or a reputed jeweller.
- Assuming tracker figures are the shop rate: online trackers show benchmark rates, not what the shopkeeper will quote you after margins and charges.
- Rushing a large purchase on a volatile day: a Rs7,000 one-day fall shows how fast prices move — consider buying in smaller amounts if you are unsure.
FAQs — Gold Price in Pakistan, 23 October 2026
What is the price of 24K gold per tola in Pakistan today?
The All-Pakistan Gems and Jewellers Sarafa Association rate for 23 October 2026 is Rs424,536 per tola for 24-karat gold, after a drop of Rs7,000. Independent trackers quote a range of roughly Rs423,000 to Rs424,600, so small differences between sources are normal.
How much did gold fall today?
24K gold fell Rs7,000 per tola, and 10 grams of 24K gold fell Rs6,001 to Rs363,971. Combined with yesterday’s Rs3,000 fall, gold is down Rs10,000 per tola in two days from Thursday morning’s levels.
Why did gold prices drop so sharply?
The fall followed international markets, where gold dropped $70 to $4,020 per ounce — near a three-month low. Market analysts point to a firmer US dollar, expectations of a possible US Federal Reserve rate move in December, and firm US jobs data.
What is the 22K gold price per tola today?
The APGJSA does not issue a separate 22K rate; the figure calculated from the 24K benchmark is approximately Rs389,200 per tola (using the 91.67% purity factor). Treat this as an estimate — confirm the actual quote with your jeweller.
What is the silver rate in Pakistan today?
Silver fell Rs221 per tola to Rs5,865 on 23 October 2026, according to the APGJSA.
Is this a good time to buy gold?
Gold is Rs9,464 per tola cheaper than on 16 October, which may interest buyers — but prices are volatile and can rebound quickly. Buy based on your need and budget, verify the live rate with a reputed jeweller, and always take a proper receipt. This article is not investment advice.
Why does this website’s morning article show a different rate?
Our morning update quoted Rs426,500 from tracker sources before the association’s evening bulletin. The APGJSA bulletin (Rs424,536) reflects the full day’s international movement. We keep both figures visible so you can see how the rate moved during the day.
Final Thoughts
Friday’s Rs7,000-per-tola fall is the sharpest single-day drop in Pakistan’s gold market this week, taking 24K gold to Rs424,536 per tola and 10 grams to Rs363,971. With international gold near a three-month low and the Fed meeting just days away, more movement is possible in either direction.
If you are buying, use the APGJSA rate as your benchmark, get the jeweller’s quote in writing with making charges shown separately, and keep your receipt. Never pay anyone online in advance for “discounted” gold — deal only with established jewellers in person. Related updates: our morning gold rate update for 23 October and yesterday’s Rs3,000 drop report.
1 thought on “Gold Price Falls Rs7,000 Per Tola in Pakistan — 23 October 2026 Updated Rates”