Gold prices in Pakistan held steady over the weekend after a sharp fall earlier in the week. The price of 24-karat gold was Rs449,500 per tola (Rs385,380 per 10 grams) on Saturday, September 12, and remained at the same level into Sunday, September 13, according to UrduPoint and rates carried by the Karachi Sarafa/Jewelers Association reported on HamariWeb.
Gold & Silver Rates in Pakistan Today (Sep 12)
| Rate | Per Tola | Per 10 Grams |
|---|---|---|
| 24K Gold | Rs449,500 | Rs385,380 |
| 22K Gold | Rs412,036 | Rs353,262 |
| 21K Gold | Rs393,311 | Rs337,208 |
| 18K Gold | Rs337,123 | Rs289,035 |
| Silver | Rs6,767 | Rs5,808 |
| International Gold (per ounce, USD) | $4,350 | — |
Why Gold Moved This Week
The local rate has been volatile over the past several sessions, with a sharp pullback earlier in the week followed by this weekend’s calm. Movements in Pakistan largely track two things: the international gold price in dollars, and the rupee-dollar exchange rate, since gold is imported and priced in dollars internationally before being converted to local rates. Internationally, gold has traded in a broad, choppy range recently — Trading Economics data put the international price near $4,350 per ounce as of September 11, up about 0.76% that day alone, illustrating how quickly global sentiment can swing.
Analysts tracking the market say a stronger US dollar and expectations that the Federal Reserve will hold interest rates steady for longer tend to weigh on gold, since it becomes costlier for holders of other currencies — while safe-haven demand from investors seeking shelter during economic uncertainty tends to cushion how far it falls. For Pakistani buyers, the local price of both metals also reflects the rupee-dollar exchange rate on top of the international rate, which is why rates here can move even on days when the international market barely shifts.
