Pakistan’s total liquid foreign reserves stood at US$26,838.7 million in the first week of November, according to the State Bank of Pakistan (SBP). The central bank said on Thursday that its own reserves rose further over the period.
Gold prices also fell sharply during the same period, with the local market hit hardest.
State Bank and commercial bank reserves in early November
During the week ended 6 November 2026, the SBP’s foreign exchange reserves increased by US$11 million to US$21,572.5 million, the bank said in its weekly statement. Foreign reserves held by commercial banks, however, decreased by $37 million to $5,266.2 million.
In the previous week, ended 30 October 2026, total liquid reserves stood at $26,864.5 million. The SBP held $21,561.2 million of that figure, while commercial banks held $5,303.3 million.
Domestic gold prices fall amid global bullion sell-off
Domestic gold prices in Pakistan dropped in double digits as international bullion also saw a significant sell-off, the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA) said. The main local rates were:
- 24-karat gold: Rs416,536 per tola, down by Rs10,900
- 24-karat gold: about Rs357,112 per 10 grams
- 22-karat gold: about Rs327,030 per 10 grams
International spot gold traded close to $3,951 an ounce, sliding by roughly $27 to $109 from earlier levels in the session.
