Key Points
- India’s 24-carat gold price fell by ~₹10,000 per 10 grams over 10 days; current rate ₹1,21,740 to ₹1,22,094 per 10 grams
- One tola gold (11.66g) in India: Approximately ₹1,39,997
- Pakistan 24-carat gold per tola: Around Rs 423,000–428,200
- Pakistan gold prices remain extremely high despite some recent corrections
- Key reasons: India enjoys currency stability and lower inflation, while Pakistan struggles with severe rupee devaluation and surging inflation
New Delhi: Gold prices in India dropped over ₹10,000 in just ten days, with the 24-carat price now between ₹1,21,740 to ₹1,22,094 per 10 grams as of November 7, 2025. For 22-carat gold, rates are in the ₹1,10,300–₹1,11,610 range for 10 grams. One tola (11.66g) of 24-carat gold now costs around ₹1,39,997. The steep decline is attributed to domestic factors, including stable economic growth, improved inflation management, and ongoing corrections following previous highs. Domestic bullion markets reflected this easing, making gold relatively more affordable for Indian buyers.
Pakistan Gold Price: Record High Despite Corrections
Despite some recent softening, gold in Pakistan remains markedly more expensive. On November 7, the cost of one tola of 24-carat gold was about Rs 423,062–428,200. Ten grams cost approximately Rs 360,520–367,112. Even as prices dipped from recent historical peaks, Pakistani gold remains significantly more expensive than in India, nearly matching the cost of a small car. Gold prices locally are highly responsive to exchange rate swings and global bullion trends.
Reasons for High Gold Prices in Pakistan
The primary drivers are Pakistan’s economic instability and severe rupee depreciation against the US dollar. Since global gold is priced in dollars, local prices surge whenever the rupee weakens. Persistently high inflation also makes gold the preferred hedge for ordinary investors, pushing demand higher. Ongoing geopolitical uncertainty heightens this trend, as gold is viewed as a haven amid rapidly rising living costs and a shrinking local currency.
India’s Advantage: Currency & Inflation Stability
India’s currency has held better, and the nation has managed to keep consumer inflation relatively controlled compared to Pakistan. Stronger monetary policy, improved foreign reserves, and stable governance help maintain gold’s price within more affordable bounds. By contrast, Pakistan faces dwindling reserves, crisis-level inflation, and high import costs, making local gold prices volatile and elevated.
Comparative Table: Gold Prices (Nov 7, 2025)
| Country | 24K Gold (10g) | 24K Gold (1 tola ≈ 11.66g) |
|---|---|---|
| India | ₹1,21,740–₹1,22,094 [1][3] | ₹1,39,997 |
| Pakistan | Rs 360,520–367,112 [6][7] | Rs 423,000–428,200 |
