Gold Price Falls Rs4,300 to Rs436,336 — October 3, 2026

Gold prices witnessed a sharp decline in Pakistan on Saturday, tracking a fall in international bullion markets as a stronger US dollar and elevated Treasury yields weighed on the non-yielding metal. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola fell by Rs4,300 to Rs436,336. The price of 10 grams of 24-karat gold decreased by Rs3,687 to Rs374,087, while 10 grams of 22-karat gold declined by Rs3,380 to Rs342,925.

International Markets

In the international market, gold fell by $43 to $4,138 per ounce.

Silver Prices Also Decline

Silver prices fell too: the price per tola decreased by Rs56 to Rs6,522, while 10 grams dropped Rs48 to Rs5,591. Internationally, silver declined by $0.56 to $60.44 per ounce.

What's Driving the Trend

Investors continued monitoring geopolitical developments in the Middle East and economic data for clues on the US Federal Reserve's interest-rate policy. Gold is traditionally viewed as a hedge against inflation and a safe-haven asset, but higher interest rates can dampen demand by making interest-bearing assets more attractive.

Related: G7 Moves to Stabilize Energy Markets

Separately, G7 countries agreed to coordinate the release of 100 million barrels of diesel and other oil reserves through the International Energy Agency over four months, with a frontloaded diesel release within the first 20 days, according to a joint statement from the office of French President Emmanuel Macron.