Gold prices in Pakistan recorded a sharp decline on Thursday, November 12, 2026, with the price of 24-karat gold falling by Rs10,900 per tola to Rs416,536, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The decline came after gold had been trading at Rs427,436 per tola on Wednesday.
Latest Gold Rates in Pakistan on November 12
According to the latest figures shared by the APGJSA, the price of 24-karat gold declined significantly in the domestic market.
The updated rates on Thursday were:
- – 24-karat gold (per tola): Rs416,536
– 24-karat gold (10 grams): Rs357,112
– 22-karat gold (10 grams): Rs327,364
The per-tola price dropped from Rs427,436 on Wednesday to Rs416,536 on Thursday, representing a decline of approximately 2.55%.
The decrease provides some relief to consumers considering gold purchases, although jewellery prices may vary depending on making charges and individual jewellers’ rates.
Gold Prices Witness Significant Daily Decline
The latest decline follows several days of fluctuations in Pakistan’s gold market.
According to Investify, the 24-karat gold rate had reached Rs432,336 per tola on November 9 before declining to Rs430,836 on November 10 and Rs427,436 on November 11.
Thursday’s reduction of Rs10,900 represents a considerably larger single-day movement compared with the previous declines.
Gold prices in Pakistan are influenced by international bullion market movements, changes in the US dollar exchange rate and local market conditions.
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What Determines Gold Prices in Pakistan?
International gold prices and fluctuations in the Pakistani rupee play an important role in determining domestic gold rates.
Local demand, market supply and the daily quotations issued by the All-Pakistan Gems and Jewellers Sarafa Association also influence prices.
Jewellers may charge additional amounts for making charges, designs and other applicable costs, meaning the final purchase price of gold jewellery can differ from the official bullion rate.
Consumers are advised to confirm the latest market quotations with local jewellers before making purchases.
Source: Investify, citing rates shared by the All-Pakistan Gems and Jewellers Sarafa Association. investify.pk
