Gold prices fell again in Pakistan on Sunday, with 24-karat gold slipping to Rs418,000 per tola in the Karachi bullion market, down Rs5,500 from Saturday’s close, as investors braced for the US Federal Reserve’s policy decision later this week.
The fresh rate, tracked via live bullion data from Hamariweb and Minute Mirror — both sourced to the All Pakistan Gems and Jewellers Sarafa Association and updated for Sunday, October 25 — puts 24K gold at Rs358,370 per 10 grams, also down from Saturday’s level of Rs363,090. It is the third straight session of declines for local gold, which has now shed Rs5,500 per tola in a day and is well off the record highs of around $4,400 an ounce internationally seen earlier this month.
Internationally, spot gold has been testing the psychologically important $4,000-an-ounce floor, trading in the $3,990–$4,000 range and touching a roughly two-month low, according to market commentary carried by Mining.com and other wire reports. The retreat comes as traders price in a more hawkish outcome from the Fed’s October 27–28 meeting, with markets assigning only slim odds to a near-term rate cut after a run of stickier-than-expected US inflation readings. Higher-for-longer rate expectations have lifted US Treasury yields and firmed the dollar, both of which make non-yielding bullion less attractive to hold. A simultaneous spike in oil prices, driven by tension in the Middle East and around the Strait of Hormuz, has added inflation worries to the mix without offsetting the stronger-dollar drag on gold.
| Metal / Purity | Price per Tola | Price per 10 Grams |
|---|---|---|
| Gold 24K | Rs418,000 | Rs358,370 |
| Gold 22K | Rs383,268 | Rs328,506 |
| Gold 21K | Rs365,846 | Rs313,574 |
| Gold 18K | Rs313,583 | Rs268,778 |
| Silver | Rs6,161 | Rs5,281 |
| International Gold (per ounce, USD) | $3,990–$4,000 | |
Silver held steady at Rs6,161 per tola and Rs5,281 per 10 grams on the Karachi Sarafa Association’s reading, unchanged for a fourth straight session even as gold slid, according to Hamariweb’s live rate tracker. Industrial and investment demand for silver has been comparatively more resilient than gold in recent sessions, which traders cited by Mining.com linked to supply-side tightness, though the metal has also come off its own highs amid the broader metals pullback.
Readers can compare today’s rate with Saturday’s gold price update to track the week’s slide. With the Fed decision due Wednesday, analysts expect gold to stay volatile in Pakistan’s bullion market through the week, moving in step with the international rate and the rupee-dollar exchange rate.
