Gold is holding at Rs409,736 per tola in Pakistan on Sunday, November 1, with 24-karat bullion steady at the level it closed at on Saturday after a bruising week for the metal, according to rates tracked from the All Pakistan Gems and Jewellers Sarafa Association (APGJSA) and reported by Business Recorder. Local sarafa markets do not run a trading session on Sundays, so today’s quoted rate simply carries forward from Saturday’s close rather than reflecting any fresh movement.
That Saturday close itself came after a sharp slide: 24-karat gold tumbled Rs10,800 per tola during Saturday’s session alone, falling from Friday’s Rs420,536 to Rs409,736, Business Recorder reported, as local rates tracked a renewed drop in international bullion. The slump capped a rough few days for gold that began with a global sell-off in technology shares, as Saturday’s rate update noted — investors grew nervous that heavy spending on artificial-intelligence infrastructure may not pay off quickly, triggering a broader risk-off move that dragged bullion down alongside equities even though gold is typically viewed as a safe haven.
| Metal / Karat | Per Tola | Per 10 Grams |
|---|---|---|
| Gold 24K | Rs409,736 | Rs351,282 |
| Gold 22K | Rs375,591 | Rs322,008 |
| Gold 21K | Rs358,519 | Rs307,372 |
| Gold 18K | Rs307,302 | Rs263,462 |
| Silver | Rs5,388 | Rs4,619 |
| International Gold (per ounce, USD) | $3,872 | |
Silver is sitting at Rs5,388 per tola (Rs4,619 per 10 grams), also unchanged from Saturday’s close, after it fell Rs142 per tola during that session, Business Recorder reported. Internationally, spot gold slipped $108 to around $3,872 an ounce on Saturday, continuing a pullback from the one-year-low territory the metal briefly touched earlier in the week when the tech-stock rout was at its sharpest. With COMEX and other major bullion markets also quiet over the weekend, there is no fresh international benchmark to move the local rate before Monday’s sessions resume. The Pakistani rupee, which closed near 276.75 to the US dollar on Friday, has had a limited cushioning effect on the rupee-denominated price through this latest leg of the decline.
Dealers in Karachi, Lahore, Islamabad, Peshawar and other major cities continue to quote the same nationwide rate, as is standard when the Sarafa associations issue a single daily reference price. With gold still down sharply from the highs it touched earlier in the year, jewellers and buyers will be watching Monday’s opening session closely to see whether bullion stabilises or extends its slide once full trading resumes in both local and international markets.
