Gold prices in Pakistan continued their downward trend on Thursday, November 12, 2026. The latest decline has attracted attention from investors and jewellery buyers as international markets face renewed selling pressure.
Market trackers reported the price of 24-karat gold at approximately Rs. 425,000 per tola. The rate for 10 grams stood near Rs. 364,375. However, published domestic quotations varied slightly between market sources.
The latest movement followed Wednesday’s sharp decline. According to the All Pakistan Gems and Jewellers Sarafa Association, gold fell by Rs. 3,400 per tola on November 11, reaching Rs. 427,436.
The price of 10 grams also dropped by Rs. 2,915 to Rs. 366,457. This followed another Rs. 1,500 decrease on Tuesday.
Meanwhile, international gold prices extended their losses on Thursday. Spot gold fell around 1 percent to $3,948.82 per ounce, reaching its lowest level in more than a week.
A stronger US dollar and expectations of higher Federal Reserve interest rates pressured the precious metal.
Stronger-than-expected US inflation figures increased expectations of further monetary tightening. Higher interest rates often reduce gold’s appeal because the metal does not generate interest income.
The falling prices could provide temporary relief to Pakistani families planning jewellery purchases. However, buyers must also consider making charges and differences in local retail rates.
Investors remain cautious as international economic developments continue to influence prices.
The Pakistani rupee’s exchange rate also affects domestic gold rates. Currency movements can either increase or reduce the impact of global price changes.
Analysts and traders will closely monitor upcoming US economic data for signs of further market volatility.
For now, Pakistan’s gold market remains under pressure, leaving buyers uncertain whether prices will decline further or recover.
