Gold prices in Pakistan held steady on Monday, with 24-karat gold unchanged at Rs418,000 per tola in the local bullion market, according to rates compiled from live trackers sourced to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA). The flat reading follows a Rs5,500 drop over the weekend and means buyers are paying the same price for a third straight pricing update.
The pause in the local market tracks a quiet day internationally. Spot gold was trading in the $4,000-$4,008 per ounce range on Monday, edging up only marginally (around 0.1-0.35%) after slipping to its lowest level in more than three months last week, well off January’s record high above $5,600/oz, according to TradingEconomics data. Traders are largely in wait-and-see mode ahead of the US Federal Reserve’s two-day policy meeting on October 27-28, where the central bank is widely expected to hold interest rates steady, with markets pricing in only a small chance of a move before December. Elevated energy prices tied to ongoing Middle East tensions have also kept inflation expectations — and with them, bets on how long the Fed stays on hold — in focus. On the currency side, the Pakistani rupee firmed slightly against the US dollar in interbank trade, which also limited any pressure on the local gold price to move in either direction.
Silver, meanwhile, eased marginally to Rs6,081 per tola, data from Hamariweb’s Sarafa-sourced tracker showed, a modest dip from the roughly Rs6,161/tola level the metal had held for several consecutive sessions this week. A handful of other listings put silver sharply higher, near Rs6,767 per tola, but that jump wasn’t corroborated by Sarafa-attributed sources or matched by any comparable move in international silver prices, so it has been treated as an unreliable outlier rather than used here.
Here is the full rate breakdown, covering all gold purities along with silver and the international benchmark:
| Metal / Purity | Per Tola | 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 | Rs6,081 | Rs5,212 |
| International Gold (per oz, USD) | $4,000 – $4,008 | |
For comparison, readers can check Sunday’s gold price update, which had already priced in the weekend’s Rs5,500 drop before today’s flat session. With the Fed decision just two days away, analysts expect gold to stay rangebound in Pakistan’s bullion markets until there is more clarity on the US rate path.
