- Web Desk
- 3 Hours ago
Gold prices fall again in Pakistan after hitting historic peaks
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- Web Desk
- Oct 20, 2025
KARACHI: The price of gold in Pakistan continued its downward trend on Monday, falling by Rs1,400 per tola to Rs444,900, as the local market adjusted after a week of sharp fluctuations. The rate for 10 grams of gold also slipped by Rs1,200, settling at Rs381,430, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Local market adjusts after record surge
Saturday had already marked a steep correction, when gold prices plunged by Rs10,600 per tola to Rs446,300, snapping a run of record-breaking highs earlier in the week. A day before that, the precious metal had touched an all-time high of Rs456,900 per tola after adding Rs14,100 in a single session.
The recent decline has cooled off what had been an extraordinary rally through most of October. During the first half of the month, prices surged repeatedly, driven by global uncertainty and a weakening rupee. However, by mid-October, gold prices began showing erratic swings, mirroring the volatility seen in international markets.
Per tola gold price in Pakistan during October 2025
| Date | Gold per tola (Rs) | Change | 10-gram gold (Rs) | Change |
| October 1 | 410,278 | +3,500 | 351,747 | +3,001 |
| October 2 | 407,778 | -2,500 | 349,603 | -2,144 |
| October 3 | 407,778 | 0 | 349,603 | 0 |
| October 4 | 409,878 | +2,100 | 351,404 | +1,801 |
| October 6 | 415,278 | +5,400 | 356,033 | +4,629 |
| October 7 | 416,778 | +1,500 | 357,319 | +1,286 |
| October 8 | 425,178 | +8,400 | 364,521 | +7,202 |
| October 9 | 425,178 | 0 | 364,521 | 0 |
| October 10 | 420,600 | -4,578 | 360,597 | -3,924 |
| October 11 | 422,700 | +2,100 | 362,397 | +1,800 |
| October 13 | 428,200 | +5,500 | 367,112 | +4,715 |
| October 14 | 435,100 | +6,900 | 373,028 | +5,916 |
| October 15 | 440,900 | +5,800 | 378,000 | +4,972 |
| October 16 | 442,800 | +1,900 | 379,629 | +1,629 |
| October 17 | 456,900 | +14,100 | 391,718 | +12,089 |
| October 18 | 446,300 | -10,600 | 382,630 | -9,088 |
| October 20 | 444,900 | -1,400 | 381,430 | -1,200 |
| October 21 | 444,900 | 0 | 381,430 | 0 |
Global gold edges up
In the international market, gold prices rose slightly on Monday as traders pinned hopes on potential US interest rate cuts and awaited key economic data and trade talks between Washington and Beijing.
Spot gold inched up 0.1 percent to $4,253.33 per ounce by 0331 GMT, while US gold futures for December delivery gained 1.3 percent to $4,266.30 per ounce.
Silver also staged a modest recovery, climbing 0.5 percent to $52.12 per ounce after a sharp 4.4 percent drop on Friday, which marked its biggest one-day fall since April. That session’s decline followed a brief surge to a record $54.47 per ounce earlier in the day.
Rollercoaster month for gold prices
October has so far been a month of wide swings for Pakistan’s gold market. Prices have jumped or dropped by thousands of rupees in single sessions, reflecting the uncertainty in global demand and shifting investor sentiment.
For instance, between October 1 and October 18, per tola prices have ranged between Rs410,000 and Rs456,900. The volatility is tied closely to international gold trends, as well as the strength of the US dollar and global trade developments.
Market analysts believe that the latest correction could continue in the near term if the rupee stabilises and international gold prices remain steady. However, with ongoing global tensions and the possibility of rate cuts by the US Federal Reserve, gold may yet find renewed support in the weeks ahead.
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