Pakistan Gold Prices Plunge by Rs500 Per Tola Amid Market Volatility

The price of gold in Pakistan has seen a significant drop, falling by Rs500 per tola to reach Rs459,936. This decline comes on the heels of an earlier drop of Rs3,500 per tola, putting pressure on the local gold market.

According to the latest market rates, 10 grams of 24-karat gold is priced at Rs394,320, while international gold stands at $4,375 per ounce. The price variation between local markets remains significant, with Lahore and Karachi recording selling prices of Rs453,500 and Rs453,200 respectively.

The market rates for buying and selling gold in different cities are as follows:

Market Buying Rate Selling Rate

Lahore, Piece Rs452,500 Rs453,500

Lahore, Pathoor Rs446,500 Rs448,500

Karachi - Rs453,200

Peshawar - Rs469,000

The silver market also showed a firm trend, with the per-tola silver rate remaining at Rs6,949. A 1-kilogram silver bar in Lahore was quoted at Rs6,950 on the selling side.