The precious metals market in Pakistan has witnessed a dramatic surge today, April 28, 2026. Driven by a massive $100 jump in the international market, local gold prices have spiked by Rs. 10,000 per tola, reaching historic new heights.
Here is the complete breakdown of the latest gold and silver rates across Pakistan’s major bullion markets, including Karachi, Lahore, and Islamabad.
Gold Rates in Pakistan Today – April 28, 2026
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According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24K gold has reached a staggering Rs. 550,562 per tola. This sharp increase reflects heightened global geopolitical tensions and a weaker local currency.
24K Gold Rates (Pureest Form)
| Unit | Current Rate (PKR) | Change from Yesterday |
|---|---|---|
| Per Tola | Rs. 550,562 | ▲ Rs. 10,000 |
| Per 10 Grams | Rs. 472,018 | ▲ Rs. 8,574 |
| Per Gram | Rs. 47,202 | ▲ Rs. 857 |
| Per Ounce (Intl.) | $5,278 | ▲ $100 |
22K Gold Rates (Jewelry Quality)
22K gold, commonly used for bridal jewelry in Pakistan, has also seen a proportional rise:
- Per Tola: Rs. 504,682
- Per 10 Grams: Rs. 432,698
Silver Rates in Pakistan Today – April 28, 2026
Silver (Chandi) prices have mirrored the bullish trend of gold, gaining significant value today. Investors are increasingly turning to silver as a more affordable “safe-haven” asset.
| Unit | Current Rate (PKR) | Change from Yesterday |
|---|---|---|
| Per Tola | Rs. 9,862 | ▲ Rs. 388 |
| Per 10 Grams | Rs. 8,455 | ▲ Rs. 333 |
City-Wise Gold Price Breakdown
While the base rate is set in Karachi, minor variations of Rs. 50 to Rs. 200 may exist in different cities due to local market demand and transportation costs.
- Karachi: Rs. 550,562
- Lahore: Rs. 550,650
- Islamabad/Rawalpindi: Rs. 550,700
- Peshawar: Rs. 550,750
- Quetta: Rs. 550,800
Key Factors Driving the 2026 Bullion Surge
Several critical factors are contributing to the “Gold Rush” seen in April 2026:
- International Market Volatility: Global spot gold jumped to $5,278 per ounce today. Uncertainty regarding US Federal Reserve interest rate cuts and rising tensions in the Middle East have fueled demand.
- Currency Depreciation: As the Pakistani Rupee (PKR) faces pressure against the US Dollar, the cost of importing gold increases.
- Safe-Haven Demand: In times of high inflation (SPI recently rose by 4.2%), investors move capital to precious metals to preserve value.
- Wedding Season: Post-winter wedding demand in Pakistan remains high despite skyrocketing prices.
Frequently Asked Questions (FAQs)
Q1: Why is there a difference between the “Bidding” and “Asking” rate?
The bidding rate is what jewelers offer to buy gold from you, while the asking rate is what they charge when selling. The “spread” covers their profit margin and market risk.
Q2: Is 24K gold better for jewelry than 22K?
24K is 99.9% pure but very soft. 22K contains 91.6% gold mixed with alloys (copper/silver) to provide the strength needed for jewelry like bangles and rings.
Q3: How is the “Nisab” for Zakat calculated in 2026?
Based on today’s rates:
- Gold Nisab (7.5 tola): Approx. Rs. 4,129,215
- Silver Nisab (52.5 tola): Approx. Rs. 517,755
Expert Investment Tip
With gold prices at historic highs, market analysts suggest a “wait and watch” approach for short-term buyers. While the long-term outlook for 2026 remains bullish—with forecasts aiming for $6,000/oz—local prices may see a slight correction if international tensions ease.
