Gold price in Pakistan today: Rs435,636 per tola after Rs9,600 jump
24-carat gold rose Rs9,600 to Rs435,636 a tola on Thursday, 5 November, a day after a Rs13,900 jump. New rates for 10 grams and 22 carat, and what pushed it up.
Gold in Pakistan rose again on Thursday, 5 November. The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) put 24-carat gold at Rs435,636 a tola, up Rs9,600 in one day. That comes straight after Wednesday’s Rs13,900 jump, so a tola now costs Rs23,500 more than it did on Tuesday.
Today’s gold rates (Thursday, 5 November)
| Gold | Price | Change |
|---|---|---|
| 24 carat, per tola | Rs435,636 | +Rs9,600 |
| 24 carat, 10 grams | Rs373,487 | +Rs8,230 |
| 22 carat, 10 grams | Rs342,375 | +Rs7,544 |
Silver also rose, by Rs100 a tola, according to the association.
Local rates can differ a little from city to city and shop to shop. The Karachi Sarafa board’s own quote on Thursday evening was around Rs435,500 a tola, and Rawalpindi-Islamabad dealers quoted slightly lower. Ask your jeweller for the day’s rate before you buy or sell.
Why gold went up
Pakistan’s rates follow the world price, which is set in dollars. Gold climbed to a two-week high abroad as the US dollar weakened after the midterm elections, and a weaker dollar makes gold cheaper for buyers using other currencies, which pushes up demand. Interest-rate moves also matter: the Bank of England raised its rate on Thursday for the first time in three years, warning that inflation could get close to 5%, and worries about inflation tend to send savers towards gold.
The association adds a local premium on top of the world rate, so a move abroad usually shows up in Pakistan the same day.
For families buying for weddings
November and December are wedding season, when many families buy jewellery. Two big jumps in two days mean the same bridal set costs noticeably more than it did on Tuesday. Some buyers split purchases over a few weeks so they are not caught by one day’s spike; others buy lighter 21 or 22-carat pieces, which cost less per gram.
This is information, not investment advice. Gold has moved sharply in both directions this year, and nobody can promise where it goes next.
