Gold prices in Pakistan eased further on Friday, October 30, 2026, with the 24-karat rate settling at around Rs421,000 per tola in the Karachi bullion market, according to live rate trackers tied to the Karachi Sarafa market and the All Pakistan Gems and Jewellers Sarafa Association (APGJSA). The move extends Thursday’s pullback, leaving gold down roughly Rs2,700 per tola, or about 0.6 percent, from the Rs423,700 level PakDaily reported on Thursday morning.
The decline tracks a broader retreat in international bullion markets. Gold on the global spot market was trading near $3,997 per ounce on Friday, down about $24, or roughly 0.6 percent on the day, according to Trading Economics data, as the US dollar firmed in the wake of this week’s Federal Reserve policy meeting. The Fed held its benchmark interest rate steady on Wednesday, but Chair Jerome Powell’s cautious remarks about the pace of further easing left traders pricing in a slower path for rate cuts, a combination that typically strengthens the dollar and weighs on non-yielding assets such as gold. Silver bore the brunt of the pullback, tumbling more than 3 percent internationally to around $52 an ounce, and that weakness fed through to softer local chandi rates as well.
In rupee terms, the 22-karat, 21-karat and 18-karat rates eased in step with the 24-karat benchmark, while silver settled lower across both the tola and 10-gram weights. The table below summarises Friday’s rates across the full karat range in Pakistan, along with silver and the international gold benchmark.
| Metal / Purity | Per Tola | Per 10 Grams |
|---|---|---|
| Gold 24K | Rs421,000 | Rs360,950 |
| Gold 22K | Rs385,917 | Rs330,867 |
| Gold 21K | Rs368,375 | Rs315,828 |
| Gold 18K | Rs315,750 | Rs270,709 |
| Silver (999 fine) | Rs5,930 | Rs5,084 |
| International Gold (per ounce, USD) | $3,997 | |
Dealers in the Karachi Sarafa market say gold could stay rangebound in the near term as investors await fresh US economic data and watch for any shift in the Fed’s tone heading into next month’s meeting, while a relatively steady rupee against the dollar has also helped cap the extent of local price swings in recent sessions. Jewellers in Karachi, Lahore and Islamabad reported steady but unhurried retail demand on Friday, with many buyers staying on the sidelines after this week’s back-and-forth price moves.
