Gold prices in Pakistan eased on Saturday, October 3, with 24-karat gold settling at Rs436,336 per tola in the local bullion market, down Rs4,300 from the previous session. Since Sunday is a non-trading day for the Karachi and Rawalpindi-Islamabad Sarafa markets, that closing rate is carrying over as today’s (October 4) prevailing price, according to figures reported by The Express Tribune and Business Recorder.
The local pullback tracked a decline in the international market, where gold fell $43 to $4,138 per ounce. Bullion came under pressure as traders reassessed the odds of a Federal Reserve rate cut at its upcoming October meeting and the US dollar firmed against major currencies, making dollar-priced gold costlier for buyers elsewhere and triggering some profit-taking after the metal’s recent push past $4,100. The move reversed a roughly Rs2,000-per-tola gain logged just a day earlier, extending the choppy, two-steps-forward-one-back pattern gold has shown locally over the past few weeks — a pattern visible in Friday’s rate update as well. Silver followed gold lower, slipping Rs56 to Rs6,522 per tola.
| Metal / Purity | Per Tola | Per 10 Grams |
|---|---|---|
| Gold 24K | Rs436,336 | Rs374,087 |
| Gold 22K | Rs399,975 | Rs342,913 |
| Gold 21K | Rs381,794 | Rs327,326 |
| Gold 18K | Rs327,252 | Rs280,565 |
| Silver | Rs6,522 | Rs5,592 |
| International Gold (per ounce, USD) | $4,138 | |
Rates for 22K, 21K and 18K gold are derived from the 24K benchmark using standard purity ratios and can vary slightly between individual jewellers. Buyers are advised to confirm same-day rates with their local Sarafa dealer before making a purchase, as gold remains volatile amid shifting Fed rate-cut expectations.
