Gold prices eased in Pakistan on Saturday, with 24-karat gold slipping to Rs423,500 per tola in the Karachi bullion market, down Rs3,000 from Friday’s close, as a softer international rate weighed on the local market ahead of next week’s US Federal Reserve policy meeting.
The fresh rates, tracked via live bullion data from Hamariweb and UrduPoint — both sourced to the All Pakistan Gems and Jewellers Sarafa Association and updated for Saturday, October 24 — put 24K gold at Rs363,090 per 10 grams, also down from Thursday’s level. Internationally, spot gold was trading around $4,021.88 per ounce, roughly flat on the day but still well off the highs near $4,400 an ounce seen earlier this month, as a firmer US dollar and uncertainty over the Federal Reserve’s next move kept buyers cautious. The Fed’s policy committee is due to announce its next rate decision on October 28, and traders have been trimming riskier bets on further easing, a shift that typically dulls gold’s appeal as a non-yielding asset. One live-rate tracker, Sarafa.pk, showed a notably lower 24K figure of Rs412,200 per tola at the time of writing; with the larger, closely-matching Hamariweb/UrduPoint reading better supported by the day’s modest international move, this report uses that pairing as the primary figure while flagging the lower outlier for readers.
| Metal / Purity | Price per Tola | Price per 10 Grams |
|---|---|---|
| Gold 24K | Rs423,500 | Rs363,090 |
| Gold 22K | Rs388,204 | Rs332,830 |
| Gold 21K | Rs370,563 | Rs317,704 |
| Gold 18K | Rs317,625 | Rs272,318 |
| Silver | Rs6,161 | Rs5,281 |
| International Gold (per ounce, USD) | $4,021.88 | |
Silver held at Rs6,161 per tola and Rs5,281 per 10 grams on the Karachi Sarafa Association’s own reading, unchanged from Friday even though international silver eased further overnight — spot silver was quoted around $53.80-$53.98 an ounce on Friday’s close, according to Kitco and Fortune, down roughly 3 percent from $55.75 a day earlier. A separate tracker, gold.pk, showed a considerably higher local silver rate of Rs6,794 per tola; since that figure moves in the opposite direction to the international trend and an older, nearly identical quote from UrduPoint has repeatedly failed to update on previous days, this report treats it as unreliable and sticks with the Sarafa Association-sourced figure.
The 22K, 21K and 18K rates in the table above are derived from the 24K price using the standard purity ratios where a source did not report them directly. The pullback in gold comes on the back of a broader two-month low touched in international markets earlier this week, with analysts pointing to a stronger dollar and reduced bets on near-term Fed rate cuts as the main drag, alongside a relatively steady Pakistani rupee that has kept the local market move largely in line with the global one rather than amplifying or offsetting it.
Readers can compare this with Friday’s gold price update, when 24K gold stood at Rs426,500 per tola before Saturday’s Rs3,000 decline.
