Gold price in Pakistan falls Rs1,300 per tola

Gold became cheaper in Pakistan on Tuesday, October 27, with 24-karat bullion quoted at Rs422,136 per tola, a daily decline of Rs1,300. Mettis Global reported that the 10-gram rate fell by Rs1,115 to Rs361,913, while 22-karat gold was priced at Rs331,765 per 10 grams, citing figures from the All-Pakistan Gems and Jewelers Sarafa Association.

Domestic silver also lost value: 24-karat silver stood at Rs5,793 per tola and Rs4,966 per 10 grams, down Rs85 and Rs73 respectively. Internationally, spot gold was near $4,011 an ounce, gaining $6.1, or 0.15%, from the prior session; the report said a stronger US dollar weighed on demand as investors awaited the Federal Reserve’s policy announcement for signals on interest rates.

The report also listed year-to-date declines of Rs2,700 for gold and Rs556 for silver, while calendar-year-to-date losses were Rs34,826 and Rs1,925 respectively. The daily local price changes provide a reference for Pakistan’s gold and silver market, while the international quote offers context for investors tracking bullion.