KARACHI – Gold prices in Pakistan extended their decline on October 23, losing another Rs7,000 per tola as the international market moved lower.
The latest fall brought the domestic rate to Rs424,536 per tola, while 10 grams of gold dropped by Rs6,001 to Rs363,971, as per local market rates.
| Gold/Silver | New Price | Decline |
|---|---|---|
| Gold per tola | Rs424,536 | Rs7,000 |
| Gold per 10 grams | Rs363,971 | Rs6,001 |
| International gold per ounce | $4,020 | $70 |
| Silver per tola | Rs5,865 | Rs221 |
Over two consecutive sessions, gold has become Rs10,000 cheaper per tola. Thursday’s trading had already seen a Rs3,000 reduction, leaving the rate at Rs431,536 before Friday’s sharper drop.
Gold Rates in Lahore
| City | Item | Selling Rate | Buying |
|---|---|---|---|
| Lahore | Gold — Piece | 423,700 | 423,200 |
| Lahore | Gold — Pathoor | 418,500 | 416,500 |
| Karachi | Gold | 423,500 | — |
| Lahore | Silver — Tezabi | 5,850 | 5,750 |
| Lahore | Silver — 1kg Bar | 5,900 | 5,850 |
The downward movement mirrored international trading, where gold fell by $70 to settle at $4,020 an ounce.
Silver also recorded a decline in Pakistan, with its per-tola price decreasing by Rs221 to Rs5,865.
About the Author
