Gold prices decline sharply in the domestic market, with 24-karat gold falling to Rs416,536 per tola as international rates drop by $109 per ounce.

Gold prices in Pakistan recorded a significant decline on Thursday, November 12, 2026, falling by Rs10,900 per tola amid a sharp decrease in international bullion rates.

According to the latest market rates, the price of 24-karat gold dropped to Rs416,536 per tola, compared with the previous closing price of Rs427,436.

Similarly, the price of 24-karat gold per 10 grams decreased by Rs9,345 to Rs357,112, against the previous day’s rate of Rs366,457.

The decline reflects the downward movement in the international gold market, where prices also recorded a substantial reduction.

In the international market, gold prices fell by $109 per ounce to settle at $3,940, compared with the previous closing of $4,049.

The latest decline has brought domestic gold prices lower, reversing some of the recent gains recorded in the local bullion market.

Gold rates in Pakistan generally follow movements in international bullion prices, alongside changes in the rupee-dollar exchange rate and local market conditions.

The decline in domestic gold prices reflects the sharp fall in the international bullion market, where prices dropped by $109 per ounce to $3,940. Movements in international gold rates remain an important factor in determining local prices, alongside changes in the rupee-dollar exchange rate and conditions in the domestic market.

Gold prices in Pakistan have remained subject to considerable fluctuations, creating uncertainty for buyers and investors. A decline in rates may provide some relief to people planning jewellery purchases, while investors continue to monitor international market trends and currency movements before making decisions.