KARACHI – Gold prices in Pakistan recovered on October 26 after massive decline in the second half of the month, with the per-tola rate increasing by Rs1,400 in line with an uptick in international bullion prices.
The price of 24-karat gold rose to Rs423,436 per tola, while the price of 10 grams increased by Rs1,201 to Rs363,028. In the international market, gold gained $14 to reach $4,009 per ounce. Domestic silver prices also moved higher, rising by Rs20 to Rs5,878 per tola.
| Gold / Silver Category | Latest Price | Daily Change |
|---|---|---|
| 24K Gold per Tola | Rs423,436 | +Rs1,400 |
| 24K Gold per 10 Grams | Rs363,028 | +Rs1,201 |
| 22K Gold per 10 Grams | Rs332,787 | — |
| Silver per Tola | Rs5,878 | +Rs20 |
| Silver per 10 Grams | Rs5,039 | +Rs17 |
| International Gold per Ounce | $4,009 | +$14 |
The recovery followed a sustained period of losses that had brought local gold prices down from the higher levels recorded earlier in October. Despite Monday’s increase, the market remained well below its earlier levels, reflecting continued volatility in international bullion trading.
| Date | Gold Price per Tola |
| October 1 | Rs438,636 |
| October 2 | Rs440,636 |
| October 3 | Rs436,336 |
| October 5 | Rs437,536 |
| October 6 | Rs437,536 |
| October 7 | Rs434,436 |
| October 8 | Rs435,036 |
| October 9 | Rs440,936 |
| October 10 | Rs442,036 |
| October 12 | Rs439,936 |
| October 13 | Rs440,836 |
| October 14 | Rs437,836 |
| October 15 | Rs437,836 |
| October 16 | Rs440,636 |
| October 17 | Rs439,036 |
| October 19 | Rs439,036 |
| October 20 | Rs435,436 |
| October 21 | Rs434,536 |
| October 22 | Rs431,536 |
| October 23 | Rs424,536 |
| October 24 | Rs422,036 |
| October 26 | Rs423,436 |
Pakistan’s gold market experienced selling pressure during the week ending October 24, with the price of gold declining by Rs18,600 per tola between October 17 and October 24. The market closed Saturday at Rs422,036 per tola after a daily decrease of Rs2,500. The price of 10-gram gold fell by Rs2,144 to Rs361,827.
International gold prices also weakened during the session, declining by $25 to $3,995 per ounce. Silver prices in the domestic market slipped by Rs7 to Rs5,858 per tola.
Gold prices are generally quoted using the 24-karat benchmark, with one tola equivalent to approximately 11.664 grams. Actual retail jewellery prices may vary by city and outlet, depending on the applicable selling rate, making charges and other costs.
Market outlook: Pakistan’s gold market remained volatile as of October 26, with a modest daily recovery following a substantial weekly decline. Traders and buyers will continue to monitor international bullion prices and global economic developments for indications of the market’s next direction.