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Gold prices fall by over Rs7,000 per tola in Pakistan

Gold prices fall by over Rs7,000 per tola in Pakistan

Web Desk
Oct 22, 2025

KARACHI: Gold prices fell sharply in Pakistan on Wednesday, with the per tola rate dropping by Rs7,538 to settle at Rs437,362.

Similarly, the price of 10 grams of gold declined by Rs6,463, reaching Rs374,967, according to data shared by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The month of October 2025 has seen a bumpy journey for gold prices in the local market. After starting the month at Rs410,278 per tola, gold moved sharply upward, peaking at Rs456,900 on October 17. However, the metal has since been on a downward path, losing nearly Rs20,000 per tola in just five days.

Traders say the recent fall could be a correction after an overextended rally earlier in the month. Between October 13 and 17 alone, gold surged by more than Rs28,000 per tola, tracking global volatility and speculative buying. But as prices hit record highs, local demand softened, prompting the recent pullback.

Here’s how gold prices have performed in Pakistan so far in 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
October 22	Rs437,362	-7,538	374,967	6,463

Global gold market trends

Internationally, gold prices ticked higher on Wednesday after a steep plunge in the previous session. Spot gold rose 0.6 percent to $4,146.47 per ounce as of 6:36 a.m. GMT, while US gold futures for December delivery gained 1.3 percent to $4,160.40.

The global rebound came as the dollar weakened slightly, making gold cheaper for investors holding other currencies. The dollar index was down 0.1 percent against its peers, while traders awaited US inflation data expected later this week to gauge the Federal Reserve’s future interest rate moves.

Analysts said gold’s sharp fall on Tuesday, its steepest since August 2020, was driven by easing US-China trade tensions and a technical correction. Matt Simpson, senior analyst at StoneX, described the situation as a “repositioning in a market that needed a breather after an extended rally above $4,000,” adding that major volatility may have already passed.

Market watchers believe gold could continue to fluctuate in the short term as global economic signals remain mixed. For Pakistani buyers, however, the recent correction offers some relief after an intense upward run that had pushed gold prices to record levels earlier in the month.