Gold edged higher in Pakistan on Friday, with 24-karat gold trading at Rs453,300 per tola in the Karachi bullion market, a modest Rs1,800 (about 0.4%) increase over Wednesday’s rate, according to live rate trackers Hamariweb and UrduPoint, which independently reported the identical figure. Gold.pk showed a slightly higher Rs454,300/tola, putting the broader Karachi Sarafa Association-linked consensus in the Rs453,300–454,300 range for the day.
The uptick tracks a firmer move in the international bullion market, where gold climbed to roughly $4,380 an ounce, up from about $4,320 a day earlier — a gain of around 1.4%, per TradingEconomics data. Traders have kept gold volatile for weeks on uncertainty around the US Federal Reserve’s interest-rate path: Fed Chair Kevin Warsh’s hawkish remarks at Jackson Hole in late August pushed rate-hike odds for the September policy meeting toward a coin flip, a shift that has alternately pressured and supported bullion as investors weigh safe-haven demand against the prospect of tighter US monetary policy. The US dollar has stayed broadly firm through this stretch, which normally caps gold’s gains, but today’s rebound suggests safe-haven buying is winning out for now. Locally, the rupee was little changed against the dollar in interbank trading, so today’s move in rupee-denominated gold is being driven almost entirely by the international price rather than any currency swing.
| Metal / Karat | Per Tola | Per 10 Grams |
|---|---|---|
| 24K Gold | Rs453,300 | Rs388,640 |
| 22K Gold | Rs415,525 | Rs356,253 |
| 21K Gold | Rs396,638 | Rs340,060 |
| 18K Gold | Rs339,975 | Rs291,480 |
| Silver | Rs6,794 | Rs5,825 |
| International Gold (per oz, USD) | ~$4,380 | |
Silver held largely steady, changing hands at around Rs6,794 per tola (Rs5,825 per 10 grams) in Karachi, per Gold.pk, with LivePriceOfGold’s Rs6,891/tola figure in broadly the same range — both sources carried today’s date, unlike Forex.pk’s silver page, which was still showing Wednesday’s rate and was excluded from the headline figure. The 22K, 21K and 18K rates above are derived from the 24K price using the standard purity ratios (22/24, 21/24 and 18/24), consistent with how local jewellers price lower-karat gold.
For buyers, the modest daily rise means anyone planning a purchase around today’s rate is paying slightly more than earlier in the week, though gold remains within the same broad band it has traded in since mid-September. Market watchers will be watching the Fed’s next signals closely, since any further hawkish surprise could pull gold back down, while a dovish shift or fresh safe-haven demand could extend today’s gain. Yesterday’s rate update showed 24K at Rs451,500/tola, underscoring how the price has moved only incrementally over the past two sessions.
