KARACHI – Gold prices in Pakistan moved down on October 7, extending recent weakness in precious metals market as international bullion prices.
On Wednesday, the price of 24-karat gold moved down by Rs3,100 per tola to Rs434,436. The price of 10 grams also fell by Rs2,658 to Rs372,458. The market had remained unchanged a day earlier.
| Purity | Unit | Rate |
| Gold (24K) | 1 tola | Rs434,436 |
| Gold (24K) | 10 grams | Rs372,458 |
| Gold (international) | 1 ounce | $4,119 |
| Silver | 1 tola | Rs6,488 |
The decline was accompanied by a fall in international bullion prices. Gold was reported at around $4,119 per ounce, down $31 on the day. Separately, Reuters reported that spot gold was trading near $4,122.73 an ounce, down almost 1%, as the US dollar strengthened and investors remained cautious ahead of the release of the Federal Reserve’s September meeting minutes.
Silver Rates
The weakness was not limited to gold. Domestic silver prices also moved lower, with the rate falling Rs100 per tola to Rs6,488 on Wednesday.
The latest movements underline the close relationship between Pakistan’s bullion market and international gold prices. Domestic rates can also be affected by currency movements and local market conditions.
Gold Price Trend
The latest decline comes after an exceptionally volatile year for the international gold market. Gold began 2026 with a powerful rally, reaching a record level in late January. LBMA data shows that gold touched an intraday high of $5,501.70 per ounce on January 29, before undergoing a major correction.
By late June, the metal had fallen almost 27% from that peak and briefly moved below $4,000, reaching $3,994.50 on June 25.
The market subsequently staged a recovery during the summer, with prices climbing above $4,600 in August. The rebound was followed by renewed weakness in September and early October.
Markets are also focused on the Federal Reserve’s policy direction. Investors are awaiting the minutes of the Fed’s September meeting for indications of how much support exists among policymakers for additional rate increases.
Higher interest rates generally weigh on gold because the metal does not generate interest or dividends. Reuters reported that markets were largely expecting the Fed to hold rates steady in October but were still pricing in an 86% probability of a December rate hike at the time of its report.
Gold prices in Pakistan today: 24, 22 and 21 Karat rates on 7 October 2026
