Gold prices in Pakistan fell further on Saturday, October 24, following a decline in the international market. The price of gold dropped by Rs2,500 per tola, reaching Rs422,036. The latest reduction continues the downward movement in local gold rates over two days. The decline also coincided with a fall in international prices.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold also became cheaper. Its price decreased by Rs2,144 to reach Rs361,827. The association shared the rates for the local market on Saturday. Both standard measures recorded declines during the trading day.
The latest reduction followed another significant drop on Friday. Gold prices fell by Rs7,000 per tola that day, bringing the rate to Rs424,536. Saturday’s decrease further lowered the price for buyers across Pakistan. Together, the two daily declines amounted to Rs9,500 per tola.
Internationally, gold prices also moved lower during the latest trading session. The rate declined by $25 per ounce, reaching $3,995. This decrease aligned with the movement in Pakistan’s domestic market. However, the provided figures do not identify the specific factors behind the international decline.
The domestic gold market generally reflects movements in international bullion prices. Local rates can also depend on currency movements and other market conditions. In this case, the reported international decline coincided with lower prices for gold in Pakistan. The available figures do not provide further details about other contributing factors.
Read more: Gold prices decline by Rs 7,000 per tola
Silver prices also recorded a decrease in the local market on Saturday. The price of silver fell by Rs7 per tola to reach Rs5,858. This marked a smaller reduction compared with the change recorded in gold prices. Both precious metals therefore ended the reported session at lower rates.
The latest figures provide an updated reference for consumers and traders monitoring precious metal prices. Gold stood at Rs422,036 per tola, while 10-gram gold reached Rs361,827. Meanwhile, silver was priced at Rs5,858 per tola. These rates reflect the prices reported for Saturday and may change with subsequent market movements.