Gold jumps Rs13,900 per tola in Pakistan to Rs426,036 as international prices cross $4,000 an ounce
Gold prices in Pakistan rose by Rs13,900 per tola on 4 November 2026 to Rs426,036, with 10-gram gold at Rs365,257 and silver also higher, following a $139 rise in the international price to $4,035 an ounce.
Gold prices in Pakistan jumped sharply on Wednesday, 4 November 2026, with the price of 24-karat gold rising by Rs13,900 per tola to Rs426,036, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) and reported by Business Recorder, Aaj English and SAMAA TV.
The increase, one of the biggest single-day jumps reported in recent weeks, followed a strong rally in the international market, where gold gained $139 an ounce to reach $4,035, crossing the $4,000 threshold again. Local rates in Pakistan are based on interbank exchange rates, the association said, which is why movements in the world price and the rupee feed through to shop prices so quickly.
The price of 10 grams of 24-karat gold rose by Rs11,917 to Rs365,257, while 10 grams of 22-karat gold increased by Rs10,925 to Rs334,831, according to SAMAA TV's account of the association's rates. Silver also became more expensive, rising by Rs295 per tola to Rs5,663, with the international silver price up by $2.95 an ounce to $51.85.
The jump came after a flat session the previous day. On Tuesday, 3 November, the gold price had remained unchanged at Rs412,136 per tola, Business Recorder and Aaj English reported, making Wednesday's move a sudden break from a brief pause rather than the continuation of a steady climb.
Figures checked at about 14:00 PKT on 4 November 2026, when Business Recorder (14:06 PKT) and Aaj English (14:21 PKT) published the association's rates: 24-karat gold Rs426,036 per tola, up Rs13,900; 10-gram 24-karat gold Rs365,257, up Rs11,917; international gold $4,035 an ounce, up $139; silver Rs5,663 per tola, up Rs295.
For buyers in Pakistan, the tola remains the standard unit in jewellery shops, and a jump of this size is felt immediately. A family buying a modest set for a wedding, for example, would find the same weight of gold costing thousands of rupees more than it did the day before, while jewellers must reprice stock that was bought at lower rates.
The wider context is a year in which gold has repeatedly attracted buyers during periods of geopolitical tension. The ongoing confrontation in the Middle East, uncertainty after the United States midterm elections, and swings in the dollar have all pushed investors towards assets seen as safer in a crisis, and gold is the traditional first choice.
Pakistan's market adds its own pressures. With inflation still squeezing household budgets and the rupee sensitive to external shocks, gold serves both as jewellery and as a store of value for many families, which means demand does not fall away as quickly when prices rise as it might for a purely discretionary purchase.
Traders will now watch whether the international price holds above $4,000 an ounce. If it does, local rates are likely to stay near their new level or rise further; if the world price retreats, the association's daily rates would be expected to follow, though shop prices often adjust more slowly on the way down than on the way up.
For now, the day's message for consumers is simple: gold became markedly more expensive in a single session, silver followed it higher, and the move was driven by the international market rather than any local shortage or policy change.
This post is market news information only, not financial advice.
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