Gold Prices Drop Sharply in Pakistan, While Silver Reaches Record High
October 10, 2025
Gold prices in Pakistan witnessed a significant decline on Friday, following a downward trend in the global bullion market. Meanwhile, silver prices continued to rise, hitting a new all-time high.
According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola dropped by Rs. 4,578, settling at Rs. 420,600. Similarly, the rate of 10 grams of gold fell by Rs. 3,924, closing at Rs. 360,597.
On Thursday, gold prices had remained steady at Rs. 425,178 per tola before the latest dip.
Global Gold Market Mirrors Local Decline
In the international market, gold prices also slipped, standing at $3,995 per ounce (including a $20 premium), down by $44 for the day, as per APGJSA data.
Despite the short-term correction, global gold prices remained just under the $4,000 mark and are still on track for an eighth consecutive weekly gain. Analysts attribute this sustained momentum to geopolitical tensions, economic uncertainty, and market expectations of interest rate cuts by the U.S. Federal Reserve.
Silver Prices Continue to Rise
In contrast, silver prices in the local market extended their upward trend. The price per tola of silver rose by Rs. 34, reaching a record Rs. 5,100, marking the highest level ever recorded in Pakistan.
Global Outlook
As of 0514 GMT, spot gold was trading 0.1% lower at $3,971.43 per ounce, but still up 2.2% for the week, showing continued investor confidence in the precious metal despite minor daily fluctuations.
