Per Tola Gold Price in Pakistan Continues to Decrease — Latest Rates and Market Trends

The gold price in Pakistan continued its decline on Monday, following a similar downward trend in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola fell by Rs. 3,300, settling at Rs. 430,362, while the 10-gram price dropped by Rs. 2,829, closing at Rs. 368,966.

The recent drop comes just two days after gold had shown signs of recovery, when the per tola rate rose to Rs. 433,662 with an increase of Rs. 1,800. However, global economic factors and currency fluctuations have once again pushed prices downward.

Gold Prices in Pakistan — Latest Market Snapshot

In Pakistan’s bullion markets, gold rates are determined daily based on the international spot rate, exchange rate, and local demand.

On October 27, 2025, the latest rates are as follows:

In the international market, gold traded around $4,080 per ounce (including a $20 premium), marking a slight decline of $3 from the previous session.

Why Gold Prices Are Falling in Pakistan

Multiple factors are driving the ongoing decline in both global and local gold prices:

1. Stronger U.S. Dollar

The U.S. dollar strengthened to its highest level in over two weeks against the Japanese yen. A stronger dollar generally reduces gold demand since the precious metal becomes more expensive for foreign investors.

2. Improving Global Trade Sentiment

Signs of easing U.S.–China trade tensions have reduced global uncertainty, leading investors to shift from safe-haven assets like gold toward riskier investments such as equities.

3. Central Bank Policies

Investors are closely watching the upcoming Federal Reserve and European Central Bank (ECB) policy meetings. If interest rates remain elevated, non-yielding assets like gold become less appealing, further pressuring prices.

4. Local Market Adjustments

In Pakistan, the exchange rate stability and reduced import demand have contributed to softer local rates. Traders report fewer bulk purchases as buyers expect additional declines in the coming days.

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

Historical Price Movement — October 2025

This table shows that gold has fallen nearly Rs. 7,000 per tola within one week, reflecting the volatile global trading environment.

International Gold Market Trends

The international gold price remains under pressure due to strong U.S. economic data and improving investor risk appetite. Analysts point to the following trends:

• Interest Rate Expectations: If central banks keep interest rates high, gold is likely to remain subdued.
• U.S. Inflation Figures: Upcoming inflation reports will influence short-term gold movements.
• Global Political Stability: Reduced geopolitical tension means less demand for safe-haven metals.

In short, the global gold market is experiencing a technical correction after months of gains earlier in the year.

Local Factors Affecting Pakistani Gold Prices

Gold prices in Pakistan are affected not only by international fluctuations but also by domestic variables, such as:

• Exchange Rate: A stable or stronger Pakistani rupee leads to lower local gold rates.
• Import Costs: Import duties and taxes directly impact final retail prices.
• Demand Trends: Seasonal demand, especially during weddings, influences local pricing.
• Market Premiums: Dealers add premiums depending on city-wise demand in Karachi, Lahore, Islamabad, and Peshawar.

Jewellers in Karachi’s Sarafa Bazaar reported moderate activity, with buyers taking advantage of lower rates ahead of the upcoming wedding season.

Impact on Investors and Consumers

1. For Jewellery Buyers

The decline in gold prices has created a buying opportunity for consumers planning weddings or long-term purchases. Retailers report increased foot traffic since the start of October.

2. For Investors

Those investing in gold as a hedge against inflation may see temporary losses. However, analysts suggest that long-term investors should accumulate during dips as gold remains a stable asset.

3. For Traders

Wholesalers are showing cautious optimism, expecting the rate to stabilize near Rs. 430,000 per tola if the rupee continues to hold steady against the dollar.

Analyst Insights — Short-Term and Long-Term Outlook

Experts predict that the short-term outlook for gold remains bearish but medium-term trends could turn positive depending on global inflation and interest-rate data.

• Short Term (1–2 Weeks): Expected range — Rs. 425,000 to Rs. 435,000 per tola.
• Medium Term (2–3 Months): If the dollar weakens, prices could rebound toward Rs. 440,000.
• Long Term (2026 Forecast): Analysts expect gold to maintain an upward bias as inflation concerns re-emerge.

Financial advisor Shahid Mehmood commented:

“The correction phase is temporary. With potential rate cuts in mid-2026, gold may retest previous highs above Rs. 450,000 per tola.”

Silver Prices Follow the Same Trend

While gold has taken the spotlight, silver has also seen a consistent decline.
The price per tola of silver dropped by Rs. 27, reaching Rs. 5,097, with 10 grams now priced at around Rs. 4,370.

This decline mirrors reduced industrial demand worldwide, as factories in Asia and Europe cut orders amid lower production activity.

City-Wise Gold Prices in Pakistan (24K Gold)

Rates may vary slightly due to local market conditions and dealer premiums. Karachi remains the benchmark city for national pricing.

Future Expectations — What to Watch Next

1. Federal Reserve Meeting Outcome: A dovish tone could support a rebound in gold.
2. U.S. Jobs and Inflation Data: Strong data may strengthen the dollar, pushing gold lower.
3. Rupee Stability: Any devaluation would directly lift local gold rates.
4. Domestic Demand Spike: Wedding season purchases can create short-term price recovery.

Experts suggest monitoring global bond yields, oil prices, and China’s economic indicators, all of which influence global commodity flows.

Check Also: Gold Price in Pakistan Today 27 October 2025 – Latest Per Tola & Gram Prices

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