Gold edged higher in Pakistan’s bullion market on Tuesday, with 24-karat gold up Rs1,000 to trade at Rs419,000 per tola, according to rates compiled from live trackers including Gold.pk and Minute Mirror, both updated for October 27. The move builds on Monday’s flat session, when the metal held at Rs418,000 per tola after a Rs5,500 weekend drop.
The uptick tracks a firmer international market, where spot gold was trading in the $4,015-$4,020 per ounce range on Tuesday, a modest gain from Monday’s $4,000-$4,008 band, according to data from precious-metals trackers including USAGOLD and ISA Bullion. The bigger story for traders, though, is timing: the US Federal Reserve’s two-day policy meeting begins Tuesday and runs through Wednesday, when Fed Chair Kevin Warsh’s rate decision is due, and investors are largely holding positions until the outcome is known, with markets pricing in only a limited chance of a move. Elevated oil prices tied to ongoing Middle East tensions have also kept a floor under inflation expectations, which in turn has kept a mild bid under gold as a hedge. On the currency side, the Pakistani rupee was little changed against the US dollar in interbank trade, so the local price move tracked the international market almost one-for-one rather than being driven by exchange-rate swings.
Silver, meanwhile, held steady at Rs6,081 per tola, matching Monday’s level on Hamariweb’s Sarafa-sourced tracker, with no live rate source pointing to a fresh move either way on Tuesday. International silver has also been range-bound this week near $54 per ounce, well off the highs above $58 it touched in mid-October, per ISA Bullion’s daily market data.
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 | Rs419,000 | Rs359,230 |
| Gold 22K | Rs384,083 | Rs329,290 |
| Gold 21K | Rs366,625 | Rs314,326 |
| Gold 18K | Rs314,250 | Rs269,423 |
| Silver | Rs6,081 | Rs5,212 |
| International Gold (per oz, USD) | $4,015 – $4,020 | |
With the Fed decision due Wednesday, analysts tracking the local bullion market expect gold in Pakistan to stay in a narrow range until the outcome is known, after which a bigger swing in either direction is likely as traders reposition.
