Gold in Pakistan fell by Rs 9,745 per tola on Thursday, 12 November 2026, to Rs 409,369 for 24-karat gold, as the international spot price dropped sharply during the day. The 10-gram rate stood at Rs 350,968 and the per-gram rate at Rs 35,097, according to PakGold's Rawalpindi-Islamabad sarafa benchmark at 9:10pm PKT.

The fall came after a steady morning. PakGold had quoted the 24-karat rate at Rs 419,100 per tola at 10:30am PKT, unchanged from the previous session. Through the session the rate touched a high of Rs 420,038 and a low of Rs 405,785 per tola before settling at Rs 409,369. A second tracker, GoldRatesDaily, put 24-karat gold at Rs 409,832 per tola and Rs 351,371 per 10 grams, close to the PakGold figure, with small differences reflecting the time each rate was captured.

Why gold fell

International spot gold was near $3,873 an ounce when PakGold published its evening rate, down about 3% on the day. Trading Economics put gold at $3,873.37 an ounce on 12 November, down 2.87% from the previous day, while Reuters reported spot gold down 3% at $3,867.96 an ounce by the close of trade in Johannesburg, its third straight daily fall and its lowest since October 2025.

The metal was weighed down by a strong US dollar, which climbed to a 19-month high, and by expectations of further US interest-rate rises after hotter-than-expected US inflation data. Markets were pricing a 91% chance of a 25-basis-point rate rise by the Federal Reserve in December, Reuters reported, with investors awaiting US producer price data due on Friday for further signals.

Other rates on the day

GoldRatesDaily quoted 22-karat gold at Rs 375,680 per tola, 21-karat at Rs 358,603 and 18-karat at Rs 307,374. Silver was quoted at Rs 5,690 per tola by PakGold, and the open-market dollar at Rs 279.50. The Pakistani gold rate is set by the Rawalpindi-Islamabad sarafa market on local demand and supply, quoted against the international spot price and the open-market dollar, which is why the tola price can move on local trading even when the international market is quiet.

Buyers should note that the rates above are for the metal itself. Jewellers add making charges and, where applicable, tax on top of the metal rate, so the price of a finished piece will be higher. Rates can also differ slightly between cities and dealers, and they move during the day while international trading is open.

Sources: PakGold for the Rs 409,369 evening rate; GoldRatesDaily for the Rs 409,832 corroborating rate and karat breakdown.