Gold price in Pakistan today falls Rs 12,800 to Rs 438,136 per tola

Gold price in Pakistan today fell by Rs 12,800 per tola on Monday, 28 September 2026, taking 24-karat gold to Rs 438,136 per tola, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

Today's gold and silver rates

On Saturday the association had quoted Rs 450,936 per tola after a smaller Rs 2,100 fall, so the two-day slide is about Rs 14,900. Monday's drop alone is roughly 2.8%.

Rates at your local sarafa in Lahore, Rawalpindi or Faisalabad can differ by a few thousand rupees from the association's Karachi rate, and jewellers add making charges on top. Our 24K gold rate page tracks the daily reading and its history, with 22K, 21K and silver on their own pages.

Why gold fell today

The local price follows the international rate, converted at the dollar rate (around Rs 277 today, see USD to PKR). Globally, gold and silver sold off on Monday as bond yields rose, which makes metals that pay no interest less attractive. Oil jumped more than 4% after the US rejected Iran's proposal on reopening the Strait of Hormuz and added to pressure on bullion.

What the drop means in rupees

• Per gram (24K): about Rs 37,563, based on the 10-gram rate.
• A 5-tola jewellery set: the gold content is about Rs 64,000 cheaper than on Saturday's closing rate, before making charges.
• Zakat: the gold nisab of 7.5 tola now works out to about Rs 3,286,020 at today's 24K rate, and the silver nisab of 52.5 tola to about Rs 345,345. If you hold cash or mixed assets, the lower silver nisab usually applies; check with your scholar. Work out your own figure with the zakat calculator.

Should you buy or sell now?

A one-day fall does not tell you where gold goes next. International prices are moving with oil, US bond yields and the US-Iran standoff, and all three are shifting daily this week. If you are buying for a wedding, compare the per-tola rate and the making charge across two or three shops, and ask for a receipt that states karat and weight. If you are selling, expect the jeweller to deduct for purity and wastage.

Convert tola, grams and ounces with the gold converter.