Gold price in Pakistan today falls Rs5,100 to Rs420,536 per tola
Gold dropped Rs5,100 a tola on Friday, 30 October, wiping out Wednesday's rise. Today's tola, 10-gram and silver rates, and why the world price fell.
Gold in Pakistan fell by Rs5,100 a tola on Friday, 30 October, to Rs420,536, according to the rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). That cancels out Wednesday’s jump and leaves the price lower than it was at the start of the week.
The drop followed the world market, where gold slipped below the $4,000 an ounce mark.
Gold rate in Pakistan today (30 October)
| Rate | Change | |
|---|---|---|
| Gold, 1 tola | Rs420,536 | -Rs5,100 |
| Gold, 10 grams | Rs360,541 | -Rs4,373 |
| Silver, 1 tola | Rs5,530 | -Rs238 |
| International gold | $3,980 an ounce | -$51 |
These are the association’s headline rates. Your local jeweller adds making charges, and prices for 22-karat and 21-karat jewellery gold are lower than the headline figure, so ask for the karat and the making charge separately before you pay.
How the week went
The price has swung both ways in three days:
- Wednesday, 28 October: up Rs3,500 to Rs425,636 a tola
- Thursday, 29 October: no change, still Rs425,636
- Friday, 30 October: down Rs5,100 to Rs420,536
So a buyer who waited since Wednesday is now Rs5,100 a tola better off, while anyone who sold on Thursday got the week’s best price.
Why did gold fall today?
Pakistan’s local rate tracks the world price in dollars, and that price fell by $51 an ounce. Fresh US data on economic growth and inflation came in strong this week, and traders now expect the US Federal Reserve to keep interest rates high or raise them further. Higher rates make gold, which pays no interest, less attractive to big investors, so the price eases.
The pull in the other direction is the war around Iran. Oil is above $110 a barrel and tanker attacks in the Strait of Hormuz keep investors nervous, which usually supports gold. For now, the interest-rate worry is winning.
What it means if you are buying for a wedding
Wedding season is close, and many families buy gold in small amounts over several weeks. A Rs5,100 fall on a single tola is real money, but the price has moved by thousands of rupees in either direction almost every day this month. Spreading a purchase over a few days, instead of buying everything at once, is one way families limit the risk of buying on the worst day.
This is information on today’s market rates, not investment advice. The association issues new rates on working days, so check the latest rate on the day you buy.
