Gold prices in Pakistan held steady on Monday for a third straight session, with 24-karat gold continuing to trade at Rs447,700 per tola (Rs383,840 per 10 grams) in the local bullion market, according to live rate trackers Hamariweb, Gold.pk and Urdupoint, all citing the Karachi Sarafa and Jewelers Association benchmark. The rate has not moved since Sunday’s update, when it had already settled at this level following Friday’s Rs2,800 per tola pullback.
The steadiness in the local market came even as the international bullion market extended its slide. Spot gold was changing hands around $4,223 an ounce on Monday, down roughly 1.4 percent on the day, according to Trading Economics. Analysts at USAGOLD have pointed to a stronger US dollar and swelling odds of an additional Federal Reserve rate hike as the key drivers behind the broader pullback, since higher Treasury yields make non-yielding assets like gold less attractive to investors. Pakistan’s interbank dollar rate, meanwhile, was little changed at around Rs277.5 per US dollar, according to Hamariweb, suggesting the local gap between spot and bullion-market pricing may simply reflect dealers not yet having caught up to the latest overnight move — a lag that, if the international dip holds, could show up as a local correction in the coming day or two.
Silver also held flat, with the Karachi sarafa rate unchanged at Rs6,767 per tola (Rs5,808 per 10 grams), per Forex.pk and Urdupoint’s Karachi silver page, even as some international-spot-linked calculators showed a slightly softer number, underlining that the notified sarafa rate is what actually governs retail transactions in Pakistan.
Here is the full rate breakdown for today, covering all common gold purities alongside silver and the international benchmark:
| Metal / Purity | Per Tola | Per 10 Grams |
|---|---|---|
| Gold 24K | Rs447,700 | Rs383,840 |
| Gold 22K | Rs410,392 | Rs351,853 |
| Gold 21K | Rs391,738 | Rs335,860 |
| Gold 18K | Rs335,775 | Rs287,880 |
| Silver (999 fine) | Rs6,767 | Rs5,808 |
| International Gold (per ounce, USD) | $4,223 | |
Jewelers in Karachi, Lahore, Islamabad and other major cities generally follow the Sarafa Association’s notified rate, though small city-to-city variations of a few hundred rupees are common depending on local demand and making charges. Buyers planning a purchase should confirm the same-day rate with their local jeweler, since bullion prices can shift more than once during a single trading session, especially when international markets are as volatile as they have been over the past week.
