Gold prices in Pakistan recorded a sharp decline on Saturday, October 31, with the per-tola rate falling by Rs10,800. The latest decrease brought the price of gold to Rs409,736 per tola in the local market, following a downward trend in international prices.
According to rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at Rs351,282. This represented a decline of Rs9,259 during the day. The latest figures reflected a significant reduction in local gold prices.
The decline followed another drop recorded on Friday. Gold prices had decreased by Rs5,100 per tola on October 30, bringing the rate to Rs420,536. The latest reduction further lowered the precious metal’s value in Pakistan’s domestic market.
International gold prices also moved downward on Saturday. The global rate declined by $108 per ounce to reach $3,872. The fall in international prices was reflected in the local market, where gold rates decreased in line with global movements.
The latest decline has brought gold prices in Pakistan below the Rs410,000 mark per tola. Market rates are influenced by international gold prices and other factors affecting domestic pricing. The APGJSA publishes local rates based on prevailing market conditions.
Meanwhile, silver prices also recorded a decrease in the local market. The price of silver fell by Rs142 per tola to reach Rs5,388. The reduction reflected a downward movement in both precious metals during Saturday’s trading session.
The latest figures highlight a notable decline in precious metal prices in Pakistan. Gold fell by Rs10,800 per tola, while silver dropped by Rs142. International gold also lost $108 per ounce, reaching $3,872, according to the reported market rates.
