KARACHI: Gold prices in Pakistan fell sharply on Tuesday, with the price of 24-karat gold dropping by Rs3,600 per tola to Rs435,436 in the local market.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 10-gram gold also declined by Rs3,086 to Rs373,316.
The drop followed a decline in international gold prices, which fell by $36 to $4,129 per ounce.
A break from Monday’s flat trend
On Monday, gold prices in Pakistan had remained unchanged, with the per-tola rate holding at Rs439,036. Tuesday’s fall of Rs3,600 therefore wipes out that pause in one session and gives buyers their first meaningful relief in days.
Silver prices, by contrast, remained stable at Rs6,234 per tola.
Pakistan’s bullion market tracks the international price closely, with the rupee’s movement and local supply conditions deciding how much of the global change reaches the retail customer. When global gold slides overnight, local dealers typically adjust morning rates downward within hours.
What buyers should keep in mind
The APGJSA rates are the benchmark that jewellers across the country use as their starting point, but the final price a buyer pays includes making charges and, depending on the carat, other costs. Rates can also differ slightly between cities, so shoppers in Lahore, Karachi and Islamabad may see small variations around the association’s figure.
Readers tracking daily movement can also check our indicative mid-market rates for a rough sense of direction; those figures are reference points rather than official dealer quotes.
The wider picture
Gold has remained one of the most-watched commodities for Pakistani households this year, with rates repeatedly testing new highs as investors sought safety amid global uncertainty. Each sharp correction draws bargain-hunting from buyers who had been waiting on the sidelines — and dealers report that footfall usually rises on days the price dips.
The trend also matters for the broader economy. Bullion movements often move together with other commodity benchmarks that households feel directly, from petrol and diesel prices to the rupee’s value against the dollar.
Market watchers will now look at Wednesday’s international opening to see whether Tuesday’s decline deepens or the metal steadies around the $4,100 level. The PSX has also been volatile this month, and gold’s moves tend to mirror shifts in risk appetite among local investors.
FAQs
What is the gold price in Pakistan today?
24-karat gold is trading at Rs435,436 per tola and Rs373,316 per 10 grams, according to the APGJSA, after a decline of Rs3,600 per tola on Tuesday, October 20.
Why did gold prices fall today?
The decline followed a $36 drop in international gold prices to $4,129 per ounce, which fed through to local rates.
What is the silver price today?
Silver remained unchanged at Rs6,234 per tola.
