Gold held steady in Karachi’s Sarafa market on Friday, with 24-karat gold trading at Rs448,300 per tola (Rs384,352 per 10 grams) — essentially unchanged from earlier in the week, even as international prices stayed under pressure from a strengthening US dollar and the highest US Treasury yields since 2007. Silver, meanwhile, was quoted at Rs6,794 per tola (Rs5,824.90 per 10 grams).
Multiple live rate trackers, including hamariweb.com/finance/gold_rate and goldupdate.pk, independently confirmed the same Rs448,300/tola figure for Friday, September 25, which lines up with what several sources had already shown a day earlier — a rare flat stretch for the domestic market. Measured against PakDaily’s own last published rate of Rs452,500/tola on September 23, today’s figure works out to roughly a 0.9 percent pullback over the past two days.
| Metal / Karat | Price per Tola | Price per 10 Grams |
|---|---|---|
| 24K Gold | Rs448,300 | Rs384,352 |
| 22K Gold | Rs410,942 | Rs352,322 |
| 21K Gold | Rs392,263 | Rs336,308 |
| 18K Gold | Rs336,225 | Rs288,264 |
| Silver | Rs6,794 | Rs5,824.90 |
| International Gold (per oz, USD) | ~$4,270–$4,291 | |
International gold was on track for a weekly drop of more than 2 percent, according to a TradingEconomics/Reuters wire report, after a stronger US dollar and surging Treasury yields pushed spot prices down to around $4,270/oz late Thursday in New York, before a modest technical bounce lifted it back toward $4,291/oz in Friday trading. Kitco News reported the US Dollar Index climbing to roughly 100.79 — its highest level in about two months — with markets increasingly treating the Federal Reserve’s September rate hike as the start of a renewed tightening cycle rather than a one-off move, a shift that has pushed the 10-year Treasury yield close to 5 percent, its highest since 2007. Both a stronger dollar and higher yields typically weigh on non-yielding assets like gold.
Separately, Yahoo Finance reported that elevated oil prices — with Brent crude above $104 a barrel amid stalled US-Iran talks — have reinforced inflation concerns that, combined with hawkish Fed commentary, have capped gold’s gains even though the metal remains up nearly 14 percent year-on-year. The Pakistani rupee held broadly steady against the dollar in interbank trading through the week, so Friday’s flat domestic rate largely reflects the international tug-of-war between dollar strength and safe-haven demand rather than any currency move.
Silver has moved in a similarly narrow band this week, with spot silver internationally easing to around $63.65/oz, down about 1 percent, tracking gold’s broader softness.
