Gold Prices in Pakistan dip to Rs4.39 Lac after Rs6,550 drop in October

Per Tola Gold Price Tumbles By Rs5000 In Pakistan Check Updated Rates List

KARACHI – Per Tola Gold prices in Pakistan hover at Rs4.39 Lac in line with drop in the international bullion market. The price of 10 grams of gold also decreased by Rs1,372 to settle at Rs376,402, reflecting the downward movement in domestic bullion prices.

Gold and Silver Prices in Pakistan Today

Metal Scale Price 
Gold (24K) 1 tola Rs. 439,036
Gold (24K) 10 grams Rs. 376,402
Gold (international) 1 ounce $4,165
Silver 1 tola Rs. 6,175

In the international market, gold prices fell by $16 to $4,165 per ounce, contributing to the downward adjustment in local rates.

Silver prices also moved lower in Pakistan, declining by Rs81 per tola to Rs6,175.

Gold Price Trends in October

October shows that gold prices in Pakistan experienced repeated fluctuations, with the overall trend remaining negative compared with the start of the month.

The price of 24-karat gold stood at Rs440,400 per tola on October 1 before rising to Rs441,000 on October 2. The rate subsequently fell to Rs437,000 on October 3 and remained unchanged on October 4.

Gold prices recovered slightly to Rs438,000 on October 5 but declined to Rs436,000 the following day. The downward movement continued over the next two sessions, with the per-tola rate reaching Rs435,100 on October 7 and Rs434,500 on October 8.

The market regained some ground on October 9, when gold rose to Rs436,300 per tola. The price increased further to Rs437,650 on October 10 and remained at the same level on October 11. However, the upward momentum weakened during the following sessions. Gold fell to Rs435,200 on October 12 and dropped further to Rs431,950 on October 13.

A modest recovery took the rate to Rs432,300 on October 14, but prices slipped again to Rs431,850 on October 15, the lowest level recorded in the supplied historical data. On October 16, gold rebounded to Rs433,850 per tola.

Daily Gold Rates in Pakistan

Date Gold Price per Tola
October 1 Rs440,400
October 2 Rs441,000
October 3 Rs437,000
October 4 Rs437,000
October 5 Rs438,000
October 6 Rs436,000
October 7 Rs435,100
October 8 Rs434,500
October 9 Rs436,300
October 10 Rs437,650
October 11 Rs437,650
October 12 Rs435,200
October 13 Rs431,950
October 14 Rs432,300
October 15 Rs431,850
October 16 Rs433,850

Gold Loses Rs6,550 per Tola During the Period

Gold declined by Rs6,550 per tola over the 16-day period, which is 1.49% from the opening rate of Rs440,400 to the closing rate of Rs433,850.

Despite several temporary recoveries, the market remained below its opening level for the period. The figures indicate that daily fluctuations continued to shape domestic gold prices, while the latest international decline coincided with a fresh fall in local rates.

 

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