Gold held steady in Pakistan on Wednesday, with 24-karat gold trading at Rs452,500 per tola (Rs387,950 per 10 grams) in the Karachi bullion market, according to live rate trackers UrduPoint and Hamariweb, which independently matched on the exact figure. The rate is down a modest Rs800, or about 0.18 percent, from Tuesday’s published rate of Rs453,300 per tola — a marginal pullback rather than a sharp move.
The domestic dip tracked a bigger overnight correction in the international bullion market. Spot gold slipped to around $4,319 per troy ounce, down roughly 1 percent on the day, per TradingEconomics data, as hawkish signals from the US Federal Reserve continued to weigh on the metal. The Fed raised interest rates by 25 basis points last week, and officials have since hinted that another hike could follow, with markets now pricing in close to a 90 percent probability of a further increase in December. Higher interest rates make non-yielding assets like gold comparatively less attractive to investors, which is the main force keeping a lid on prices this week. A six-session slide in oil prices, tied to easing tensions around Iran, has offered some offsetting relief by dulling inflation worries, but it hasn’t been enough to reverse the broader downward pressure. The US dollar held steady against the rupee at around Rs278.30 in interbank trading, so today’s small domestic move was driven almost entirely by the international price shift rather than any currency swing.
| Metal / Karat | Per Tola | Per 10 Grams |
|---|---|---|
| 24K Gold | Rs452,500 | Rs387,950 |
| 22K Gold | Rs414,792 | Rs355,621 |
| 21K Gold | Rs395,938 | Rs339,456 |
| 18K Gold | Rs339,375 | Rs290,963 |
| Silver (999 fine) | Rs6,807 | Rs5,836 |
| International Gold | $4,319 / troy ounce | |
Silver was little changed on the day at Rs6,807 per tola (Rs5,836 per 10 grams), based on an average of same-day quotes from LivePriceOfGold and Goldpricez, both landing within about 0.2 percent of each other. Looking ahead, analysts cited by TradingEconomics expect gold to trade closer to $4,396 per ounce by the end of the quarter if the Fed’s tightening cycle plays out as currently priced in, which would likely put renewed upward pressure on Karachi’s rate in the weeks ahead.
