Gold prices in Pakistan recorded a notable decline on Wednesday, October 14, bringing some relief to buyers after the latest market movement. The price of gold fell by Rs3,000 per tola, bringing the new rate to Rs437,836.
The decline also affected smaller gold quantities and silver prices. Meanwhile, the international gold market recorded a drop of $30 per ounce, reflecting a downward movement across precious metals markets.
Gold Price in Pakistan Today
According to the latest market rates, the price of gold decreased across different weight categories in Pakistan. The per-tola rate experienced the largest reported decline in rupee terms.
The latest prices are as follows:
- Gold per tola: Rs437,836, down Rs3,000
- Gold per 10 grams: Rs375,373, down Rs2,572
- International gold price: $4,153 per ounce, down $30
- Silver per tola: Rs6,360, down Rs172
The figures show that both gold and silver experienced downward price movements. However, buyers should check updated market rates before making a purchase, as precious metal prices can change.
International Gold Prices Also Decline
Gold prices also moved lower in the international market on Wednesday. The price fell by $30 per ounce to reach $4,153.
International gold prices can influence local bullion rates in Pakistan. However, domestic prices may also reflect currency movements and other market factors.
The latest decline therefore coincided with a reduction in gold prices across Pakistan’s local bullion market. Nevertheless, the reported figures represent the rates recorded on Wednesday and may change with subsequent market developments.
Silver Prices Fall Alongside Gold
Silver prices also declined in Pakistan, following the downward movement in gold. The price of silver fell by Rs172 per tola to reach Rs6,360.
The simultaneous declines indicate that both precious metals recorded losses during the latest trading period. However, the available figures do not establish the specific reasons behind these movements.
For consumers planning to buy jewellery or invest in precious metals, checking current rates remains important. Gold and silver prices can fluctuate, so buyers should confirm the latest prices with their local jewellers before completing a transaction.
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