Gold Rates in Pakistan This Week (August 8, 2026): 1 Tola Gold Price Jumps to Rs449,400

Gold rates in Pakistan rose steadily through the past week and then surged on Saturday, gaining nearly Rs21,000 per tola in total, as the international bullion market staged its strongest rally since January on the back of falling oil prices and a weak US employment report.

How the Week Unfolded

The week began quietly in the international market. Gold held in a narrow band above $4,100 through Monday and Tuesday as traders waited on two developments: whether Washington and Tehran would finalise a deal to reopen the Strait of Hormuz, and what Friday's US jobs report would show.

The first catalyst arrived mid-week. President Trump signalled that a Hormuz agreement could come within days, and Iran and Oman subsequently reached an accord on a shipping corridor through the strait. Oil prices fell on the news, easing the energy-driven inflation concerns that had capped gold through July. Gold climbed to around $4,245 per ounce on Wednesday and kept rising, gaining $113 in a single session on Thursday to reach a seven-week high.

Friday delivered the second catalyst. The July non-farm payrolls report showed the US economy unexpectedly shed jobs, with wages and the labour force participation rate both falling — readings that undercut the case that a tight labour market is fuelling inflation. Spot gold surged nearly 3 percent to about $4,356 per ounce, its highest in two months, closing out a weekly gain of more than 5 percent — gold's best week since January.

The jobs data reshaped rate expectations. Traders now put the odds of a Federal Reserve rate hike in September at roughly 55 percent, down from 63 percent a week earlier, according to the CME FedWatch tool. Because gold pays no yield, softer rate expectations reduce the cost of holding it. A weaker dollar reinforced the move, with the dollar index sliding to around 99.9, its softest reading since mid-June.

Gold Rates in Pakistan This Week

Local rates tracked the global move, though with a notable lag at the end of the week. Closing rates for 24-karat gold per tola in the Karachi market ran as follows:

Monday, 3 August: Rs428,300
Tuesday, 4 August: Rs430,500
Wednesday, 5 August: Rs433,200
Thursday, 6 August: Rs437,000
Friday, 7 August: Rs437,000 (unchanged)
Saturday, 8 August: Rs449,400

The pattern is worth noting. Local gains were steady but moderate from Tuesday through Thursday — between Rs2,200 and Rs3,800 a day — and the rate then held flat on Friday even as international prices surged nearly 3 percent. That Friday move was absorbed the following session instead: Saturday brought a single-day jump of Rs12,400, the largest of the week by a wide margin. Buyers who saw the international headlines on Friday and expected an immediate local repricing found it arrived a day later.

Measured from the previous Friday's close of Rs428,500, the 1 tola gold price in Pakistan is up roughly Rs20,900, or about 4.9 percent, for the week. Per 10 grams, 24-karat gold now stands at Rs385,290. In the karat breakdown, 22-karat gold is quoted at Rs411,947 per tola, 21-karat at Rs393,225 and 18-karat at Rs337,050.

City variation remains small, as usual. Karachi — where the benchmark is set — sits at Rs449,400, with Lahore, Islamabad, Peshawar and Quetta quoting between Rs50 and Rs200 higher for local transport and demand. Silver also firmed, trading around Rs6,774 per tola in the local bullion market.

For anyone tracking the live gold rate in Pakistan, this week was a reminder that the local rate does not always move in lockstep with international prices on the same day — the announcement timing of the Sarafa benchmark can push a global move into the next session.

Demand and Forecasts

Structural demand continues to underpin prices. Central bank purchases are running about 62 percent above last year's pace, while institutional investors in China have kept building long positions in gold-backed assets as a hedge against volatility in technology stocks. On the forecast front, UBS said this week that it expects gold to reach $5,000 per ounce.

Outlook

Momentum is with gold heading into the coming week, but two risks deserve attention. First, the Fed remains divided — St. Louis Fed President Alberto Musalem publicly favoured raising short-term borrowing costs, arguing that earlier, gradual increases are less disruptive than later, more abrupt ones. A hawkish shift in tone could cool the rally quickly. Second, the Hormuz arrangement is not fully settled; any breakdown would push oil back up and revive the inflation concerns that weighed on gold through July.

For local buyers, gold is now roughly Rs21,000 per tola more expensive than it was a week ago. Given the size of Saturday's move and the lag effect described above, checking the live gold rate in Pakistan on the day of purchase matters more than usual right now.

Note: Rates are sourced from the Karachi Sarafa market and are indicative. They may vary slightly between cities and jewellers, and exclude making charges. Always confirm the current rate before buying or selling.