Gold Prices Fall by Rs7,000 per Tola in Pakistan

Gold prices in Pakistan fell on Friday, October 23, with 24-karat gold quoted at Rs424,536 per tola after a Rs7,000 decline, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The 10-gram rate also dropped, falling Rs6,001 to Rs363,971. On Thursday, gold had already lost Rs3,000 per tola to settle at Rs431,536. Together, the two daily declines brought the reported rate down by Rs10,000 per tola.

Business Recorder reported that the local move came alongside a decline in international gold prices. Its report put the international rate at $4,020 per ounce, down $70.

Silver prices also moved lower in Pakistan. The rate fell Rs221 to Rs5,865 per tola.

These are market rates reported for Friday, October 23, rather than a live quote for later trading. Sarafa rates can change, and jewellery prices can differ according to purity, weight and making charges. Buyers should confirm the current rate with a jeweller before making a purchase.