ISLAMABAD: Gold prices in Pakistan fell on Tuesday, October 20, with the price of 24-karat gold declining by Rs3,600 per tola to Rs435,436.
According to rates released by the All-Pakistan Sarafa-Gems and Jewellers Association, the price of 24-karat gold per 10 grams dropped by Rs3,086 to Rs373,316.
The rate of 22-karat gold also decreased by Rs2,829 per 10 grams, bringing the price to Rs342,218.
International Gold Prices Decline
Gold prices in the international market also fell on Tuesday, declining by $36 to $4,129 per ounce, according to the reported rates.
The association said domestic gold prices are calculated based on interbank exchange rates.
Silver Prices Remain Stable
Unlike gold, silver prices remained unchanged in the local market.
The price of 24-karat silver stood at Rs6,234 per tola, while 10 grams of silver were priced at Rs5,344.
In the international market, silver prices remained stable at $57.56 per ounce.
Gold and Silver Rates in Pakistan on October 20
| Metal | Rate on October 20 | Change |
|---|---|---|
| 24K gold per tola | Rs435,436 | -Rs3,600 |
| 24K gold per 10 grams | Rs373,316 | -Rs3,086 |
| 22K gold per 10 grams | Rs342,218 | -Rs2,829 |
| International gold | $4,129 | -$36 |
| 24K silver per tola | Rs6,234 | Unchanged |
| 24K silver per 10 grams | Rs5,344 | Unchanged |
| International silver | $57.56 | Unchanged |
