Gold prices in Pakistan moved higher on Saturday, with 24-karat gold climbing to Rs434,000 per tola in the local bullion market. The figure was confirmed independently by two live rate trackers, HamariWeb and UrduPoint, both of which showed the same price for Karachi — the city that effectively sets the national rate through the Karachi Sarafa and Jewellers Association.
That marks an increase of Rs2,000 per tola compared with Friday’s rate of Rs432,000 per tola, and roughly Rs1,720 per 10 grams. It is a modest but steady continuation of the gentle upward drift gold has shown through the week in the local market.
The move tracks what happened in the international market a day earlier. Spot gold rose to around $4,178 an ounce on Friday, up from Thursday’s close near $4,147, as the US dollar weakened and Treasury yields eased, according to Reuters reporting carried by Business Recorder and a separate report from CNBC. Since Pakistan’s local quote is set each morning based on the previous day’s international close, Saturday’s higher local rate is essentially Friday’s international gain filtering through to the Karachi market a day later.
What is driving the international move is a tug-of-war rather than a one-way bet. US producer prices rose at their fastest pace in four and a half years and September consumer inflation also came in hotter than expected, data that would normally argue for the Federal Reserve to hold rates steady or even consider a hike at its October 28 meeting — a scenario that typically weighs on non-yielding assets like gold. But a softer dollar and falling Treasury yields have offset that pressure for now, since a weaker dollar makes gold cheaper for buyers using other currencies. Markets are still pricing in a high probability that the Fed holds rates this month, with a hike seen as more likely by December if inflation data stays hot, per CME’s FedWatch tool.
Here is the full breakdown of gold across all common purities, along with today’s silver and international rates, in one table:
| Metal / Karat | Per Tola (PKR) | Per 10 Grams (PKR) |
|---|---|---|
| 24K Gold | Rs 434,000 | Rs 372,090 |
| 22K Gold | Rs 397,900 | Rs 341,080 |
| 21K Gold | Rs 379,800 | Rs 325,580 |
| 18K Gold | Rs 325,500 | Rs 279,070 |
| Silver | Rs 6,402 | Rs 5,487 |
| International Gold (per ounce, USD) | $4,178 | — |
The 22K, 21K and 18K figures above are derived from the 24K rate using the standard purity ratios (22/24, 21/24 and 18/24), since local dealers typically quote the 24K rate directly. HamariWeb and UrduPoint’s own tables were within a few rupees of these derived figures, confirming the 24K base rate used.
Silver also ticked up today, with HamariWeb’s Karachi tracker — explicitly dated to today — quoting Rs6,402 per tola and Rs5,487 per 10 grams. It is worth flagging that UrduPoint’s silver page showed a notably higher Rs6,767 per tola, but that page carried no date marker confirming it reflected today’s rate rather than a recent but older one, so HamariWeb’s explicitly-dated figure has been used as the primary number here. Internationally, spot silver rose about 0.7% to $57.81 an ounce on Friday, according to Reuters, even as it still headed for a loss on the week.
