ISLAMABAD – Gold prices in Pakistan suffered another steep fall, losing Rs7,000 per tola and taking their combined decline over two consecutive sessions to Rs10,000.
The latest drop brought the per-tola price to Rs424,536, as weakness in the international bullion market dragged domestic rates lower. A day earlier, gold had fallen Rs3,000 to Rs431,536 per tola. The price of 10 grams of gold also decreased by Rs6,001 to settle at Rs363,971.
The international gold rate slipped $70 to $4,020 per ounce. Silver followed the downward trend in Pakistan, falling Rs221 to Rs5,865 per tola.
October Gold Price Trends
| Date | Price | Daily change |
|---|---|---|
| October 1 | 438,636 | −3,000 |
| October 2 | 440,636 | +2,000 |
| October 3 | 436,336 | −4,300 |
| October 5 | 437,536 | +1,200 |
| October 6 | 437,536 | Unchanged |
| October 7 | 434,436 | −3,100 |
| October 8 | 435,036 | +600 |
| October 9 | 440,936 | +5,900 |
| October 10 | 442,036 | +1,100 |
| October 12 | 439,936 | −2,100 |
| October 13 | 440,836 | +900 |
| October 14 | 437,836 | −3,000 |
| October 15 | 437,836 | Unchanged |
| October 16 | 440,636 | +2,800 |
| October 17 | 439,036 | −1,600 |
| October 19 | 439,036 | Unchanged |
| October 20 | 435,436 | −3,600 |
| October 21 | 434,536 | −900 |
| October 22 | 431,536 | −3,000 |
| October 23 | 424,536 | −7,000 |
Fresh decline pushed gold to its lowest price in the October 1–23 figures, reversing gains recorded earlier in the month. The precious metal had reached Rs442,036 per tola on October 10, its highest level during the period. Since then, it has shed Rs17,500 per tola. Compared with the October 1 rate of Rs438,636, gold is now cheaper by Rs14,100.
Prices showed considerable volatility during the month. A Rs5,900 surge on October 9 helped lift gold above Rs440,000 per tola, but subsequent declines eroded those gains.
The downward pressure intensified this week. Following an unchanged rate on October 19, gold fell Rs3,600 on October 20, Rs900 on October 21, Rs3,000 on October 22 and Rs7,000 on October 23—a cumulative reduction of Rs14,500 across four consecutive trading sessions.
