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Updated 22 October 2026 · Source: All-Pakistan Sarafa Association
Gold Price in Pakistan 2026: Month-by-Month Rates and Trend
The gold price in Pakistan in 2026 hit a record Rs572,862 per tola on 29–30 January 2026, then fell for most of the year. The latest Sarafa rate is Rs434,536 per tola for 24K (21 October 2026), about 24% below the record.
Gold Price in Pakistan 2026 at a Glance
Gold price in Pakistan 2026: 24K gold peaked at Rs572,862 per tola in late January and is Rs434,536 per tola today. The rupee stayed close to Rs277–280 per US dollar all year, so almost every move in the local rate came from the world gold price.
| Milestone | 24K per tola | When |
|---|---|---|
| Record high (Sarafa) | Rs572,862 | 29–30 January 2026 |
| First close above Rs5 lakh | Rs500,000+ | 21 January 2026 |
| Lowest point of the year (world price in PKR)* | Rs414,357 | 16 July 2026 |
| Latest Sarafa rate | Rs434,536 | 21 October 2026 |
| Change from the record | − Rs138,326 (24.1%) | Since January |
*Monthly figures on this page are the world gold price converted into rupees per tola. The Sarafa rate jewellers use is normally within about 1–2% of this level.
Month-by-Month Gold Rate in Pakistan 2026
Average, highest and lowest 24K price per tola for each month, based on the world gold price in Pakistani rupees:
| Month | Average per tola | Highest (date) | Lowest (date) | Average vs previous month |
|---|---|---|---|---|
| January | Rs496,702 | Rs568,406 (28 Jan) | Rs454,981 (2 Jan) | – |
| February | Rs526,448 | Rs553,037 (27 Feb) | Rs497,939 (2 Feb) | ▲ 6.0% |
| March | Rs509,276 | Rs559,630 (2 Mar) | Rs459,641 (26 Mar) | ▼ 3.3% |
| April | Rs494,044 | Rs506,250 (14 Apr) | Rs475,734 (29 Apr) | ▼ 3.0% |
| May | Rs479,504 | Rs498,066 (11 May) | Rs465,928 (27 May) | ▼ 2.9% |
| June | Rs440,952 | Rs468,550 (2 Jun) | Rs417,339 (24 Jun) | ▼ 8.0% |
| July | Rs424,368 | Rs435,723 (3 Jul) | Rs414,357 (16 Jul) | ▼ 3.8% |
| August | Rs459,555 | Rs484,980 (25 Aug) | Rs422,463 (3 Aug) | ▲ 8.3% |
| September | Rs449,212 | Rs465,372 (3 Sep) | Rs428,690 (28 Sep) | ▼ 2.3% |
February had the highest monthly average of the year even though the single-day record came in January. July was the cheapest month. October so far has traded in a narrow band around Rs431,461 per tola.
2026 Gold Price Chart for Pakistan
Monthly average gold price in Pakistan 2026, 24K per tola in lakh rupees (L), January to September:
For daily and yearly charts back to 2000, see gold price history in Pakistan.
January 2026: How Gold Reached a Record in Pakistan
World gold crossed $5,000 an ounce for the first time on 26 January and briefly reached about $5,595 within days. In Pakistan the 24K rate passed Rs5 lakh per tola on 21 January and set its record of Rs572,862 on 29–30 January. The main drivers were:
- Central bank buying: China extended its run of monthly gold purchases, part of a wider shift away from the US dollar.
- Safe-haven demand: rising US–Iran tension pushed investors into gold.
- A weaker dollar and rate-cut hopes: markets expected the US Federal Reserve to lower interest rates.
- Fund momentum: trend-following investment funds added to the rally.
The peak did not last. In the last days of January gold lost nearly $1,200 an ounce in two sessions, its sharpest two-day fall since 1983, ending the month near $4,865.
Why the Gold Rate Fell From February to July
After the US–Iran conflict began in late February, oil prices rose sharply. That fed inflation, and markets switched from expecting interest rate cuts to expecting rises. Gold, which pays no interest, lost its appeal:
| Pressure on gold | What happened in 2026 |
|---|---|
| Higher oil prices | Disruption around the Strait of Hormuz pushed fuel costs and inflation higher |
| US interest rate rises | The Federal Reserve raised rates in September and signalled at least one more rise |
| High bond yields | US Treasury yields climbed to their highest levels in more than two decades |
| A stronger dollar | A firm dollar made gold dearer for buyers using other currencies |
By mid-July world gold had settled around $4,000–$4,060 an ounce, the year’s lowest zone, equal to roughly Rs414,357 per tola.
The August Rebound and the October Range
Gold recovered strongly in August, climbing about 15% from the early-month low to a peak on 25 August of roughly Rs484,980 per tola. It eased again in September, touching a seven-week low on 28 September as oil and bond yields rose, and in October it has moved within a range of about $4,100 to $4,200 an ounce while markets wait for US inflation data.
Daily commentary: gold rate daily updates.
October 2026 Gold Rate in Pakistan: Date-Wise Sarafa Rates
Official All-Pakistan Sarafa Gems and Jewellers Association rates for each working day this month. A new row is added after every announcement:
| Date | 24K per tola | 22K per tola | Change | World gold ($/oz) |
|---|---|---|---|---|
| 21 Oct 2026 | Rs434,536 | Rs398,325 | ▼ Rs900 | $4,120 |
| 20 Oct 2026 | Rs435,436 | Rs399,150 | ▼ Rs3,600 | $4,129 |
| 19 Oct 2026 | Rs439,036 | Rs402,450 | No change | $4,165 |
| 17 Oct 2026 | Rs439,036 | Rs402,450 | ▼ Rs1,600 | $4,165 |
| 16 Oct 2026 | Rs440,636 | Rs403,916 | ▲ Rs2,800 | $4,181 |
| 15 Oct 2026 | Rs437,836 | Rs401,350 | No change | $4,153 |
| 14 Oct 2026 | Rs437,836 | Rs401,350 | ▼ Rs3,000 | $4,153 |
| 13 Oct 2026 | Rs440,836 | Rs404,100 | ▲ Rs900 | $4,183 |
| 12 Oct 2026 | Rs439,936 | Rs403,275 | ▼ Rs2,100 | $4,177 |
| 10 Oct 2026 | Rs442,036 | Rs405,200 | ▲ Rs1,100 | $4,195 |
| 9 Oct 2026 | Rs440,936 | Rs404,191 | ▲ Rs5,900 | $4,184 |
| 8 Oct 2026 | Rs435,036 | Rs398,783 | ▲ Rs600 | $4,125 |
| 7 Oct 2026 | Rs434,436 | Rs398,233 | ▼ Rs3,100 | $4,119 |
| 6 Oct 2026 | Rs437,536 | Rs401,075 | No change | $4,150 |
| 5 Oct 2026 | Rs437,536 | Rs401,075 | ▲ Rs1,200 | $4,150 |
| 3 Oct 2026 | Rs436,336 | Rs399,975 | ▼ Rs4,300 | $4,138 |
| 2 Oct 2026 | Rs440,636 | Rs403,916 | ▲ Rs2,000 | $4,181 |
| 1 Oct 2026 | Rs438,636 | Rs402,083 | ▼ Rs3,000 | $4,161 |
What 2026 Means for Gold Buyers and Savers
| If you bought 1 tola of 24K… | You paid about | Worth today | Gain or loss |
|---|---|---|---|
| At the January record | Rs572,862 | Rs434,536 | − Rs138,326 |
| At the July low | Rs414,357 | Rs434,536 | + Rs20,179 |
| 1 tola every month, Jan–Sep (9 tola) | Rs4,280,061 | Rs3,910,824 | − Rs369,237 |
Buying the same amount each month smoothed out the year’s swings compared with buying everything at the peak. Values exclude making charges and assume 24K bars sold without kat.
Looking ahead? Read our gold price forecast for Pakistan.
Gold Price in Pakistan 2026: Frequently Asked Questions
What was the highest gold price in Pakistan in 2026?
The 24K Sarafa rate reached a record Rs572,862 per tola on 29–30 January 2026.
What is the gold price in Pakistan in 2026 per tola today?
The latest 24K rate is Rs434,536 per tola and Rs372,544 per 10 grams (21 October 2026).
Which month of 2026 had the lowest gold price?
July. World gold bottomed around 16 July, equal to about Rs414,357 per tola.
Why did gold fall in Pakistan in 2026?
Higher oil prices after the US–Iran conflict pushed up inflation, the US Federal Reserve raised interest rates, bond yields climbed and the dollar strengthened, all of which weighed on gold.
Is gold up or down in 2026?
Down. The latest rate is about 24% below the January record and roughly 5% lower than at the start of the year in rupee terms.
Did the rupee affect gold prices in 2026?
Only slightly. The rupee stayed near Rs277–280 per dollar, so the world gold price drove the local rate.
Related Gold Rates and Tools
Rates are for information only and exclude making charges, kat and dealer premiums. Not investment advice. See our disclaimer and methodology. Official daily rate source: All-Pakistan Sarafa Gems and Jewellers Association rates (Business Recorder).
