Overview
- On October 1, 2026 the All‑Pakistan Gems and Jewellers Sarafa Association quoted 24‑karat gold at Rs441,636 per tola and 10 grams at Rs378,631, and reported a small rise in silver to Rs6,578 per tola.
- International spot gold was trading in the low $4,100s at the end of September and was on track for roughly a 6–7% decline for the month.
- Domestic gains in Pakistan came despite global weakness because local timing, jewellery premiums and currency moves can push retail quotes away from spot prices for short periods.
- In India, silver stood at about ₹240,000 per kilogram after a roughly ₹15,000 monthly drop, with MCX futures reflecting domestic positioning that differs from international spot levels.
- Market participants say the next decisive drivers are U.S. employment figures and Federal Reserve guidance, which could change the dollar and Treasury yields and therefore lift or pressure precious‑metal prices.