Gold prices witnessed a sharp decline in Pakistan on Friday, November 6, 2026, following two consecutive days of increases. According to the All Pakistan Sarafa Association, the price of 24-karat gold fell by Rs 6,500 per tola, bringing the new rate to Rs 429,136. Silver prices also declined, while international gold prices dropped below the $4,100-per-ounce mark.
Gold prices in Pakistan recorded a significant decrease as both domestic and international bullion markets experienced a downward trend.
After two days of rising prices, the precious metal became considerably cheaper in local markets, attracting attention from jewellery buyers, traders, and investors.
According to the Sarafa Association, the price of 24-karat gold decreased by Rs 6,500 per tola, bringing it down to Rs 429,136.
Before the latest decline, the price of one tola of gold stood at Rs 435,636.
The reduction represents a notable change in the domestic gold market, where prices have been fluctuating in response to international market movements and economic conditions.
The price of 10 grams of 24-karat gold also decreased significantly.
According to the latest figures, the price of 10 grams of gold fell by Rs 5,573 to Rs 367,914.
Previously, 10 grams of gold were priced at Rs 373,487.
The decline was not limited to gold, as silver prices also moved downward in Pakistan’s local bullion markets.
The Sarafa Association reported that silver became cheaper by Rs 85 per tola, bringing its new price to Rs 5,678.
Before the decrease, silver was being traded at Rs 5,763 per tola.
The fall in precious metal prices in Pakistan came alongside a notable decline in the international gold market.
According to the report, international gold prices dropped below the important $4,100-per-ounce level.
Gold lost $65 per ounce in the global market, bringing its price down to $4,066.
Before the decline, international gold was trading at approximately $4,131 per ounce.
The simultaneous decrease in domestic and international gold prices highlights the close relationship between Pakistan’s bullion market and global precious metal trading.
Gold prices in Pakistan are influenced by several factors, including international bullion rates, movements in the US dollar, exchange rates, and local market conditions.
When gold prices decline internationally, domestic prices may also fall, although the final rates depend on additional economic factors.
Gold is widely purchased in Pakistan for jewellery, savings, and investment purposes.
It holds particular importance during wedding seasons, when families often purchase gold ornaments and other jewellery items.
A reduction of several thousand rupees per tola can make a noticeable difference in the total cost of purchasing gold jewellery.
For example, a buyer purchasing multiple tolas of gold may see a substantial change in the basic gold cost following a major price reduction.
However, the final retail price of jewellery may differ from the official bullion rate because of making charges, purity, design, and other applicable costs.
Gold is also considered an important investment asset by many individuals who seek to preserve savings over the long term.
Investors closely monitor changes in international gold prices, currency movements, and economic developments before making purchasing decisions.
Nevertheless, a sharp decline in prices on a single day does not necessarily indicate that gold will continue becoming cheaper.
Precious metal prices can rise or fall depending on international economic conditions, interest rate expectations, investor demand, and currency fluctuations.
The latest report does not identify one specific factor responsible for the decline recorded on November 6.
However, it confirms that gold prices fell in both Pakistan and the international market.
The decline follows two consecutive days of increases, demonstrating how quickly bullion market trends can change.
Market participants will continue watching global gold prices and local exchange rate movements to assess possible changes in the coming days.
For now, the reported price of 24-karat gold in Pakistan stands at Rs 429,136 per tola, while 10 grams of gold cost Rs 367,914.
Silver is priced at Rs 5,678 per tola, following a decrease of Rs 85.
Meanwhile, international gold prices have fallen to $4,066 per ounce after a decline of $65.
The latest reduction provides some relief to prospective gold buyers, although future prices will depend on domestic and international market developments.