Gold Prices Fall to Rs435,436 per Tola in Pakistan
Gold prices in Pakistan declined on October 20 after remaining unchanged on Monday. The latest decrease followed a fall in international bullion prices, bringing the rate of 24-karat gold below Rs436,000 per tola.
According to the latest market rates, 24-karat gold fell to Rs435,436 per tola. The price of 10 grams of gold also decreased by Rs3,086 to Rs373,316.
On Monday, gold was trading at Rs439,036 per tola in the local market. The latest decline has reduced the cost of gold for buyers, although prices remain subject to changes in the international market and local market conditions.
International Gold Prices Also Decline
Gold prices also moved lower in the international market. The rate dropped by $36 to reach $4,129 per ounce.
The decline in global bullion prices contributed to the decrease in Pakistan’s local gold rates. International market movements are an important factor affecting gold prices in the country, alongside currency exchange rates and domestic market conditions.
Investors and jewellery buyers closely monitor these changes to understand market trends and make purchasing decisions.
Silver Prices Remain Unchanged
Unlike gold, silver prices remained stable in Pakistan on October 20.
One tola of silver continued to sell at Rs6,234 in the local market. The unchanged rate indicates that silver did not follow gold’s downward movement during the latest trading session.
Gold Prices in Different Pakistani Cities
Gold rates can vary across cities and local jewellery markets. The reported rates include:
In Lahore, gold prices were reported at Rs431,000 and Rs430,500, while rates in Pathoor stood at Rs426,000 and Rs424,000. Karachi recorded a selling rate of Rs430,500, while Peshawar reported a selling rate of Rs446,000.
These city-specific figures differ from the reported benchmark rate of Rs435,436 per tola. The figures may reflect different local quotations or market conditions, so buyers should confirm the latest rate with their local jeweller before making a purchase.
What Should Buyers Expect?
Gold prices in Pakistan can change daily in response to international bullion prices, currency movements and local demand. The latest decline may offer some relief to buyers planning to purchase jewellery or invest in gold.
However, future prices will depend on how international markets perform and whether the downward trend continues. Buyers and investors should check updated rates before making financial decisions.
