The gold price in Pakistan recorded a significant decline on Tuesday, with the price of 24-karat gold falling by Rs4,300 per tola in line with weakness in global bullion markets.
According to rates issued by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), 24-karat gold is now being sold at Rs427,436 per tola, compared with Rs431,736 per tola a day earlier.
The decline follows softer global gold prices as a stronger US dollar reduced demand for the precious metal, while investors awaited the outcome of the US Federal Reserve’s latest monetary policy meeting.
Gold Prices in Domestic Market
The latest price revision also lowered the value of gold on a 10-gram basis.
The new domestic gold rates are:
- 24-karat gold (per tola): Rs427,436 (down Rs4,300)
- 24-karat gold (per 10 grams): Rs366,457 (down Rs3,687)
- 22-karat gold (per 10 grams): Rs335,931
The fall reflects changes in international bullion prices and fluctuations in the rupee-dollar exchange rate, both of which influence Pakistan’s local gold market.
Silver Prices Also Decline
Silver prices also moved lower in the domestic market.
According to APGJSA, 24-karat silver is now trading at:
- Rs6,223 per tola, down Rs174
- Rs5,335 per 10 grams, down Rs149
The decline in silver prices mirrors the broader weakness seen across precious metals in international markets.
Gold and Silver Price Comparison
Precious Metal July 28, 2026 July 27, 2026 Daily Change
Gold (24K per tola) Rs427,436 Rs431,736 -Rs4,300
Silver (24K per tola) Rs6,223 Rs6,397 -Rs174
Despite Tuesday’s decline, gold remains Rs2,600 higher than the beginning of the current fiscal year, although it is Rs29,526 lower compared with the start of the calendar year.
International Gold Market
In global markets, spot gold traded near $4,051 per ounce, declining by approximately $21, or 0.52 per cent, from the previous trading session.
Market analysts attributed the decline to a stronger US dollar, which reduced the appeal of gold for investors holding other currencies.
Traders are also closely monitoring the upcoming US Federal Reserve policy announcement, as expectations regarding interest rates often influence demand for non-yielding assets such as gold.
Higher interest rates generally strengthen the US dollar and increase the opportunity cost of holding gold, while lower rates tend to support bullion prices.
Market Outlook
Analysts expect gold prices to remain volatile in the coming days as investors assess signals from the Federal Reserve regarding future monetary policy.
In Pakistan, local gold prices will continue to be influenced by movements in international bullion markets, changes in the rupee-dollar exchange rate and domestic demand from jewellers and investors.