Gold Price Drops by Rs1,400 Per Tola in Pakistan
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Gold prices have seen a significant drop, with reports indicating a further decline in rates. This substantial decrease in gold prices has reportedly surprised the market. Pakistan News will update this story as more confirmed details become available.
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While gold prices continued their decline on Friday, July 10, silver bucked the trend with slight gains in the local market. The price of silver edged up by Rs11, bringing the local rate to Rs6,432 per tola. This downturn in gold prices follows a surge of Rs3,600 per tola recorded on Thursday, which had pushed the local price to Rs433,836. In the international market, gold shed $14 per ounce, settling at $4,100 per ounce, including a premium of $20.
Gold prices in Pakistan decreased on Friday, July 10, aligning with a decline in the international market. The price per tola dropped by Rs1,400, reaching Rs432,436.
Similarly, 10-gram gold was sold at Rs370,744 after a fall of Rs1,200. These rates were shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Internationally, the gold rate declined by $14 to $4,100 per ounce. Meanwhile, the price of silver increased by Rs11 to Rs6,432 per tola.
Gold prices in Pakistan saw an increase on July 9, 2026, with 24-karat gold climbing to Rs433,836 per tola after gaining Rs3,600 in a single day. This rise followed a recovery in international bullion prices, where gold increased by $36 per ounce to $4,113. The price of 10 grams of 24-karat gold also rose by Rs3,086, reaching Rs371,944. Silver prices, however, remained steady at Rs6,421 per tola.
On July 9, 2026, gold prices in Pakistan opened at Rs430,236 per tola. In the international market, gold was priced at $4,078 per ounce, reflecting a decrease of $47 in the previous session.
Meanwhile, silver prices also saw a decline, with silver per tola standing at Rs6,421, a decrease of Rs138. The price of 10 grams of silver decreased by Rs119 to Rs5,404.
The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported that the price of 10 grams of gold also fell by Rs4,029, settling at Rs368,858. On Tuesday, gold had already recorded a decline of Rs2,500 per tola, closing at Rs434,936.
Globally, gold prices slipped by $47 per ounce, with the international rate settling at $4,078 per ounce, including a premium of $20. Domestically, silver prices also moved lower, declining by Rs138 per tola to reach Rs6,421.
Gold prices in Pakistan experienced a significant decline on Wednesday, July 8, 2026, mirroring losses in the international market. The price of gold per tola dropped by Rs4,700, reaching Rs430,236 in the local market.
Similarly, 10-gram gold was sold at Rs368,858 after a fall of Rs4,029. On Tuesday, the gold price per tola had decreased by Rs2,500, settling at Rs434,963.
Internationally, the rate of gold declined by $47, bringing it to $4,078 per ounce. Meanwhile, the price of silver also saw a decrease of Rs138, reaching Rs6,421 per tola.
Gold prices in Pakistan continued their decline on July 8, 2026, opening at Rs434,936 per tola. The price for 10-grams of gold stood at Rs372,887, reflecting a decrease from the previous session. Internationally, gold eased to its lowest level in nearly a week, with spot gold falling 0.1% to $4,100.32 per ounce.
This international decline is attributed to fresh US strikes on Iran, which boosted oil prices and the dollar. These developments have raised concerns that inflation could keep interest rates higher for longer, weighing on non-yielding bullion. Markets have increased their bets for a September Federal Reserve rate hike to over 67%.
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