Gold Prices Drop Further in Pakistan — Latest Market Update

Gold Prices Drop Further in Pakistan on Thursday, following a sharp decline in the international bullion market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 1 tola gold fell by Rs. 3,500, bringing it down to Rs. 433,862, while 10 grams of gold decreased by Rs. 3,001, now priced at Rs. 371,966. The downward trend reflects growing pressure on the local market amid global economic uncertainty and the strengthening of the US dollar.

The decline marks the second consecutive drop this week, as gold had already lost Rs. 7,538 per tola on Wednesday, closing at Rs. 437,362. Market experts say this sustained fall is linked to changing investor sentiment worldwide, where rising interest rate expectations have reduced demand for gold as a safe-haven asset.

In the international market, gold prices also slipped, with the rate settling at $4,115 per ounce, reflecting a $35 decline compared to the previous day. Analysts report that the stronger US dollar and anticipation of key inflation data have further pressured prices, as traders await fresh signals from the US Federal Reserve regarding future rate decisions.

Continuous Decline Since Wednesday

This drop comes right after Wednesday’s sharp decline when gold prices plunged by Rs. 7,538 per tola, closing at Rs. 437,362. The two-day downward movement reflects growing pressure on the local bullion market due to fluctuations in the global gold price and currency exchange rates.

Market experts believe the recent depreciation of gold in the international market and the strengthening of the US dollar are the main factors behind this consistent drop in local prices.

Global Gold Market Trends

In the international market, gold prices also weakened on Thursday. The APGJSA reported that the international rate stood at $4,115 per ounce, marking a $35 loss compared to the previous day, with an additional premium of $20.

Meanwhile, as of 0310 GMT, spot gold traded 0.2% lower at $4,084.29 per ounce, while US gold futures (December delivery) recorded a minor rebound, rising by 0.9% to $4,100.90 per ounce.

Global analysts attribute this softness in prices to the stronger US dollar and anticipation of key US inflation data, which could determine the Federal Reserve’s next move on interest rates. A stronger dollar makes gold more expensive for holders of other currencies, reducing global demand.

Check Also: Today Gold Price in Pakistan – 24K & 22K Rate Per Tola and Gram (Updated October 2025)

Silver Prices Remain Unchanged

While gold continued its decline, silver prices remained steady. The rate per tola of silver held at Rs. 5,110, with 10 grams priced at Rs. 4,380.17. Traders report limited movement in the silver market due to low trading volumes and subdued investor interest.

Why Gold Prices Are Falling

Experts suggest several key factors contributing to the decline:

1. Stronger US Dollar:
   The dollar’s recent appreciation has directly affected gold’s international value, as gold is priced in dollars.
2. Lower Global Demand:
   With inflationary pressures easing in some economies, institutional demand for gold as a hedge has slowed.
3. Interest Rate Uncertainty:
   Investors are awaiting signals from the US Federal Reserve regarding future rate hikes or cuts, influencing safe-haven demand.
4. Local Currency Stability:
   The Pakistani rupee has shown modest stability against the dollar, slightly easing imported gold costs.

Today’s Gold Prices in Pakistan (23 October 2025)

City-Wise Gold Rates in Pakistan

Note: Prices vary slightly across cities depending on transportation and local market conditions.

Market Outlook — What to Expect Next

Financial analysts expect volatility in gold prices to continue throughout the week. If the upcoming US inflation data indicates stronger economic growth, the dollar could rise further, exerting additional downward pressure on global gold prices.

However, if inflation remains sticky, gold may rebound as investors seek refuge in safe-haven assets. Local jewellers also predict that any sharp currency movement in Pakistan could quickly reverse the trend.

Read Also: Gold Rate in Pakistan History (1947–2025): 24K Gold Price Trends & Investment Insights

Investment Advice

Investors are advised to monitor international gold trends closely before making new entries. Short-term traders may face volatility, but long-term investors could find current prices favorable if the market stabilizes.

Experts recommend:

• Avoiding panic selling
• Monitoring US economic data
• Tracking rupee-dollar fluctuations
• Keeping an eye on APGJSA daily updates

Conclusion – Gold Prices Drop Further in Pakistan

The continuous decline in gold prices reflects the global market’s sensitivity to currency strength and economic data. With a Rs. 3,500 drop per tola, gold in Pakistan now stands at Rs. 433,862, its lowest in recent weeks.
For daily updates, visit PAVE Gold Rates for real-time price tracking and expert insights.

Check Also: Pakistan Gold Price Today 23 October 2025 – Latest Per Tola & Gram Prices

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