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Gold price in Pakistan drops by Rs 3,100 per tola

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Animated editorial illustration for: Gold price in Pakistan drops by Rs 3,100 per tola
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At a glance

  • Price of 24-karat gold fell by Rs 3,100 to Rs 434,436 per tola.
  • International gold price dropped by $31 to $4,119 per ounce.
  • Silver price also decreased by Rs 100 to Rs 6,488 per tola.

Story so far

On October 7, gold prices in Pakistan saw a notable decrease. The price per tola for 24-karat gold dropped by Rs 3,100, bringing the new rate to Rs 434,436. This decline is in line with the international market, where gold prices also fell amid a strengthening US dollar and anticipation of the US Federal Reserve's meeting minutes. Silver prices also registered a decline.

Latest development

The price of gold in Pakistan fell significantly on Wednesday, with the rate for one tola of 24-karat gold decreasing by Rs 3,100 to settle at Rs 434,436. The drop mirrors a decline in the international market.

Responses

  1. Imran Faizan 8 days ago

    This volatility makes planning difficult for small businesses in the jewellery sector. Consistent pricing helps build customer trust, which is hard when international markets cause such sharp, sudden shifts.

  2. Zafar Mahir 8 days ago

    A significant drop, but it’s interesting to see how much local prices are tied to the international market and the US dollar’s strength. It highlights the challenge for savers looking for stable long-term value.

Latest Fact Checks

Business Recorder

Gold price per tola drops Rs3,100 in Pakistan

Gold prices in Pakistan decreased on Wednesday in line with their loss in the international market. In the local market, gold price per tola reached Rs434,436 after a decline of Rs3,100 during the day. Similarly, 10-gram gold was sold at Rs372,458 af

Nawai Waqt

سونے اور چاندی کی قیمتوں میں بڑی کمی

پاکستان کی مقامی صرافہ مارکیٹ میں آج سونے اور چاندی کے نرخ میں کمی ریکارڈ کی گئی ہے جہاں ایک تولہ سونا 3 ہزار 100 روپے سستا ہوگیا ہے جبکہ چاندی کی قیمت میں بھی کمی کا رجحان دیکھا گیا ہے۔

Usama MehboobUsama MehboobEditor
Categories: Business & Economy
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