Gold price in Pakistan today: Rs429,136 per tola after Rs6,500 fall
24-karat gold fell Rs6,500 to Rs429,136 a tola on Friday, wiping out most of Thursday's jump as the world price slipped near $4,066.
Gold gave back most of Thursday’s surge on Friday, 6 November. The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) set 24-karat gold at Rs429,136 per tola, down Rs6,500 in a day.
On Thursday the same tola had jumped Rs9,600 to Rs435,636, which we reported here. So anyone who bought at the top of that spike is already about Rs6,500 a tola behind.
Gold rate today at a glance (Friday, 6 November)
- 24K, per tola: Rs429,136 (down Rs6,500)
- 24K, per 10 grams: Rs367,914 (down Rs5,573)
- 22K, per 10 grams: about Rs337,266
- World price: around $4,066 an ounce, down about $65
The association’s rate is the reference most jewellers start from, but the price at the counter can differ by a few thousand rupees. Shops in Lahore and Karachi were quoting between Rs427,500 and Rs428,000 for a tola of piece gold on Friday afternoon, below the association’s figure.
Why did gold fall today?
The local price follows the world price, converted at the dollar rate, plus a local premium. Gold slipped back below $4,100 an ounce on Friday as oil fell on signs of de-escalation in the Gulf and traders waited for the US jobs report due on Friday evening Pakistan time. A strong jobs number usually lifts the dollar and pushes gold down; a weak one does the opposite. That means Saturday’s rate could move again.
What it means if you are buying for a wedding
Wedding season has started and many families buy in stages. Two days of swings worth Rs9,600 up and Rs6,500 down show how quickly a set of bangles can change price. Ask the jeweller for the day’s association rate, check the karat stamp, and get the making charges written on the bill separately.
This is price information, not investment advice.
