Gold held steady in Pakistan’s bullion market on Tuesday, with 24-karat gold trading at around Rs428,950 per tola (Rs367,762 per 10 grams), largely unchanged from Monday’s level, according to live rate trackers LiveGoldPrice.pk and Minute Mirror, which independently put the rate within a few hundred rupees of each other.
It is the second straight session without a meaningful move in the local market, even as the international gold price has been drifting in a relatively narrow band over the past few days. Silver, meanwhile, eased slightly in dollar terms, tracking a modest pullback in the global metals market.
| Metal / Purity | Rate Per Tola | Rate Per 10 Grams |
|---|---|---|
| Gold 24K | Rs428,950 | Rs367,762 |
| Gold 22K | Rs393,204 | Rs337,115 |
| Gold 21K | Rs375,331 | Rs321,792 |
| Gold 18K | Rs321,713 | Rs275,821 |
| Silver (.999 Fine) | Rs5,495 | Rs4,711 |
| International Gold | Approx. $4,115 / ounce | |
The underlying story is less about today’s move and more about the range international gold has settled into since last week. Prices rallied after the Democratic Party’s gains in the US midterm elections weakened the US dollar and pulled down Treasury yields on expectations of lighter government borrowing. That rally cooled over the weekend once a stronger-than-expected US October jobs report — non-farm payrolls near 165,000 against forecasts of roughly 65,000, with unemployment at 4.1 percent — firmed up the dollar and trimmed bets on further Federal Reserve rate cuts, dragging the international price back toward the $4,050-$4,070 range. By Monday, gold had bounced back to around $4,118 an ounce, per data cited by Pakgold.net and Trading Economics, and it has largely held near that level into Tuesday’s trading.
Local sarafa dealers appear to be keeping pace with that relatively rangebound international market rather than reacting to any single sharp swing, which is why Pakistan’s tola rate has barely budged over the past two sessions. Silver’s modest dip — international spot eased to roughly $52.98 an ounce, down about 0.8 percent on the day, per GoldPricez.com — reflects the same broader consolidation in precious metals rather than any standalone local factor.
Readers tracking the daily rate can also see yesterday’s gold price update for comparison. As always, actual showroom prices can vary slightly by city and jeweller, and typically carry additional making charges and taxes on top of the base bullion rate shown here.
