Gold Price in Pakistan Today (Oct 23)

Gold fell to Rs426,500 per tola in Pakistan today as international bullion eased ahead of the Fed’s Oct 28 decision. Silver and today’s rate table inside.
Stacked gold bullion bars representing Pakistan's gold price update Stacked gold bullion bars representing Pakistan's gold price update

Gold prices eased in Pakistan on Friday, with 24-karat gold slipping to Rs426,500 per tola (Rs365,660 per 10 grams), down Rs3,000 from Thursday’s rate, as a firmer US dollar and a second straight down session in international bullion weighed on the local market, according to live rate-tracker pages Hamariweb and UrduPoint, both of which showed matching figures as of Friday morning. A separate tracker, Sarafa.pk, showed a somewhat lower rate of around Rs414,800 per tola at the same time; that gap is wider than the day’s international price move alone would explain, so this report has gone with the Hamariweb/UrduPoint figure, which two independently-updating trackers agree on.

Internationally, spot gold slipped to around $4,087 per ounce, down roughly 1.1% (about $46) over the past 24 hours, marking its second consecutive losing session. Silver fell even more sharply on the international market, dropping about 3.2% to near $56 per ounce. Analysts have pointed to a firmer US dollar and investors trimming safe-haven gold positions as traders look ahead to the Federal Reserve’s policy meeting on October 28, where officials are widely expected to hold interest rates steady, though markets are still pricing in a meaningful chance of a rate hike by December — a backdrop that tends to make non-yielding assets like gold and silver less attractive. Locally, the Pakistani rupee has held relatively steady against the dollar in recent sessions, so most of today’s move reflects the international pullback rather than a currency swing.

Here is the full breakdown of today’s rates, including all karat levels, silver, and the international benchmark:

Metal / Karat Price per Tola Price per 10 Grams
24K Gold Rs426,500 Rs365,660
22K Gold Rs390,958 Rs335,188
21K Gold Rs373,188 Rs319,953
18K Gold Rs319,875 Rs274,245
Silver Rs6,161 Rs5,281
International Gold (per ounce, USD) $4,087

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) where sources did not report them directly. Jewellers in Karachi’s Sarafa Bazaar and across the country typically revise their boards once or twice a day in response to international price swings and rupee movement, so rates can shift again before the market closes. For Thursday’s gold price update, 24K had been trading at Rs429,500 per tola.

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