Updated September 29, 2026: The gold price in Pakistan dropped sharply on Tuesday, giving buyers and jewellery customers a fresh market level to watch. The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) put the price of 24-karat gold at Rs438,136 per tola, down Rs12,800 from the previous reported close.
The move follows a steep fall in international gold prices as higher US Treasury yields reduced demand for the non-yielding metal. Here is what the latest rate means for buyers, investors and households tracking the Pakistan gold market.
Gold price in Pakistan today
According to rates reported from APGJSA, 24-karat gold is priced at Rs438,136 per tola. The price of 10-gram gold is Rs375,631 after a decline of Rs10,973.
Gold had closed at Rs450,936 per tola on Saturday after falling Rs2,100 during that session. The latest move therefore represents a significant short-term correction, although local jewellers may quote slightly different prices because of workmanship, margins and city-level market conditions.
Why did gold prices fall?
Higher US Treasury yields
International gold prices came under pressure as US Treasury yields rose. Gold does not pay interest, so rising yields can make interest-bearing assets more attractive to investors.
International market weakness
Spot gold fell as much as 4 percent to about $4,111 an ounce before recovering part of the loss, according to Reuters reporting cited by The Express Tribune. A move in the international benchmark usually feeds into local prices after currency and market adjustments.
The rupee-dollar exchange rate
Pakistan’s local gold rate is also influenced by the rupee. A weaker rupee can make imported or internationally priced commodities more expensive in local currency, while a stronger rupee can soften that effect. The rupee was reported near Rs277.15 per US dollar on the latest trading day.
What this means for buyers
A lower headline rate may help people planning a purchase, but the final jewellery bill is not the same as the bullion rate. Customers should ask the jeweller to show the gold rate, purity, making charges, wastage and sales tax separately.
People buying for savings should also compare the buy-back policy and confirm the weight and karat stamped on the item. Jewellery normally carries higher transaction costs than a bar or coin, so the purchase price may need to rise before a buyer breaks even.
Will gold prices fall further?
No one can reliably guarantee the next move. International yields, central-bank expectations, geopolitical risk, the rupee and local demand can all change quickly. A single daily drop is not enough to establish a long-term trend.
For the most accurate rate, check the latest APGJSA announcement or a reputable local bullion market before making a transaction. This article is an update, not investment advice.
Bottom line
Gold in Pakistan fell to Rs438,136 per tola on September 29, 2026, while 10-gram gold was reported at Rs375,631. The fall reflects international market pressure and changing yield expectations. Buyers should verify the live rate and all extra charges before paying.
Sources: APGJSA rates as reported by The Express Tribune; international market context from Reuters reporting; Google Trends Pakistan.
