Gold Prices Plummet in Pakistan Amid Dollar Volatility
The price of gold in Pakistan has seen a decline on September 1, 2026. Gold is now priced at Rs465,336 per tola for 24 carat, down by Rs800 from the previous day's rate. The price for 10 gram gold also fell by Rs686 to Rs398,950.
The precious metal follows the trajectory of the US dollar and international rates in the global market. As a safe-haven asset, investors often flock to gold when the rupee is under pressure. Gold is also widely used in jewelry making.
Gold prices are fixed by the respective Sarafa associations in their cities. The value of gold has been recognized across cultures for its store of value and symbol of wealth. For thousands of years, gold and silver have been valuable commodities, with gold being used to make coins for centuries.