On 5 November 2026 the price of 24-karat gold in Pakistan rose to Rs 426,036 per tola, a jump of Rs 12,236 from the previous day, while petrol fell to Rs 362 per litre, easing travel costs for commuters.

The move in gold and the dip in fuel prices reflect a mix of international bullion strength, softer crude oil markets and stable exchange rates, a combination that impacts investors, retailers and everyday consumers across the country.

What Are Today's Metal Prices?

Pakistan's Sarafa markets reported the following rates on Thursday:

  • 24K gold per tola: Rs 426,036 (+Rs 12,236)
  • 22K gold per tola: Rs 390,533 (+Rs 11,216)
  • 21K gold per tola: Rs 372,782 (+Rs 10,707)
  • 18K gold per tola: Rs 319,527 (+Rs 9,177)
  • 24K gold per 10 g: Rs 365,257 (+Rs 10,487)
  • Silver per tola: Rs 5,663 (+Rs 295)

All gold karats rose in line with a strong international bullion market. The silver price also moved upward, confirming broad metal strength.

How Did Currency Rates Move?

In the open market the US dollar held at Rs 277.25, unchanged from the prior session. Other major currencies showed the following changes:

  • Euro: Rs 309.75 (no change)
  • British pound: Rs 371.35 (steady)
  • Australian dollar: Rs 193.00 (down Rs 8)
  • Canadian dollar: Rs 197.86 (down Rs 2)
  • Kuwaiti dinar: Rs 897.00 (down Rs 6)
  • Omani rial: Rs 720.00 (down Rs 1)

Stable US-rupee rates are a positive sign for importers and businesses that price contracts in dollars. The decline in commodity-linked currencies such as the Australian and Canadian dollars mirrors weaker commodity sentiment abroad, even as gold prices surged.

Why Did Fuel Prices Drop?

Petrol is now Rs 362.00 per litre, down Rs 7, and high-speed diesel is Rs 387.81 per litre, down Rs 4. These reductions are linked to easing global crude-oil prices, which the government passed through to consumers in the latest fortnightly adjustment.

The lower fuel cost benefits motorcyclists, rickshaw drivers, private car owners and logistics firms. Reduced diesel expenses can temper inflationary pressure on food and goods transport, offering a modest boost to household purchasing power.

What Is the Current Copper Rate?

Copper is priced at Rs 5,500 per kilogram. The metal is a key input for construction, electrical wiring and a range of industrial applications. Buyers should incorporate this rate into project budgets for today's procurement.

What Factors Drove Today's Rate Changes?

International bullion markets posted a strong rally on 5 November, pushing global gold prices higher. Pakistan's Sarafa dealers adjust local rates to mirror these movements, which explains the more than Rs 12,000 rise in the 24K gold price per tola. Strong buying demand in major bazaars such as Karachi and Lahore added further upward pressure.

At the same time, global crude-oil benchmarks slipped, allowing the Energy Ministry to lower fuel tariffs for the current pricing cycle. The unchanged US-rupee rate meant the full effect of the gold price surge was reflected in local rupee terms without any offset from currency movements.

Commodity-linked currencies like the Australian and Canadian dollars fell modestly against the rupee, reflecting softer risk sentiment in those economies. Gulf currencies remained flat, consistent with their oil-linked pegs.

How Do These Movements Affect Different Stakeholders?

Investors and jewellery retailers will see higher input costs for gold, potentially passing some of the increase to end-customers. Conversely, lower fuel prices can improve margins for transport operators and reduce the cost of goods movement, which may help keep retail prices stable.

Businesses that import raw materials priced in dollars benefit from a steady USD-PKR rate, while exporters dealing in Australian or Canadian dollars may notice a slight shift in revenue conversion.

What Should Readers Watch Going Forward?

Market participants should monitor international gold price trends, as any reversal could quickly translate into local rate adjustments. Fuel price updates are released fortnightly, so the next revision will be announced in the coming days.

Currency traders will keep an eye on the US dollar's trajectory against the rupee, especially as global monetary policy evolves. Finally, copper buyers should follow both local and global metal market reports to anticipate any price volatility.

For real-time updates on gold, currency, fuel and metal rates, readers can visit techx.pk throughout the day.