Gold prices in Pakistan have taken another dip as October 2025 comes to a close, giving much-needed relief to buyers and investors after months of soaring rates. As of October 27, 2025, the per tola price of 24-carat gold stands around Rs. 441,700, while 22-carat gold is priced near Rs. 404,996. This marks a decline of roughly Rs. 6,000 per tola in just a few days, signaling a cooling trend in the precious metals market.
Gold Prices Across Major Cities
According to the All Pakistan Gems and Jewellers Association (APGJA), gold prices are uniform across major cities including Karachi, Lahore, Islamabad, Peshawar, and Quetta, with only minor variations due to local jeweler margins.
| City | 24K per Tola (PKR) | 22K per Tola (PKR) |
|---|---|---|
| Karachi | Rs. 441,700 | Rs. 404,996 |
| Lahore | Rs. 441,700 | Rs. 404,996 |
| Islamabad | Rs. 441,700 | Rs. 404,996 |
| Peshawar | Rs. 441,700 | Rs. 404,996 |
| Quetta | Rs. 441,700 | Rs. 404,996 |
Over the last few days, the gold rate dropped from Rs. 447,700 on October 23 to Rs. 441,700 by October 27, showing a consistent decline.
Why Gold Prices Are Falling
Several key factors—both global and domestic—are contributing to this recent dip in gold prices across Pakistan.
1. Global Market Correction
The international gold market is undergoing a mild correction. As inflationary fears ease worldwide, investors are moving away from gold and returning to equity markets. This shift in sentiment has reduced global demand, pushing prices down and directly affecting local markets.
2. Strengthening of the Pakistani Rupee
In recent weeks, the Pakistani Rupee (PKR) has shown slight improvement against the US Dollar (USD). Since gold prices are set internationally in USD, a stronger PKR makes imported gold cheaper. This appreciation of the local currency is a major reason for the reduced gold prices in Pakistan.
3. Lower Local Demand
High gold prices earlier this year discouraged jewelry buyers, leading to reduced sales. Now, as the wedding season approaches, many jewelers are cutting margins to attract customers, creating temporary downward pressure on prices.
4. Profit-Taking by Investors
After months of record highs, many investors are booking profits, selling their holdings to secure gains. This selling pressure has also contributed to a short-term correction in the market.
What It Means for Buyers and Investors
For Jewelry Buyers
This is a favorable moment for those planning to purchase gold jewelry, especially for weddings or festive occasions. Prices have softened, but it’s wise to compare rates across multiple jewelers before making a purchase.
For Gold Investors
If you bought gold earlier in 2025 at higher rates, this dip might feel discouraging. However, gold typically recovers over time. Many experts suggest holding your investment rather than selling at lower prices unless you need liquidity.
For New Buyers
For those planning to enter the gold market, this is an opportunity to buy at a lower entry point. Keep in mind that gold prices can fluctuate quickly with global trends, so regular market monitoring is essential.
Outlook for the Coming Weeks
Market analysts expect slight fluctuations in gold prices through early November 2025. Key influences will include:
-
International gold spot price movements
-
The USD/PKR exchange rate
-
Local demand during the wedding season
-
Central bank policies and interest rate trends
If global interest rates remain high, the demand for gold as a safe-haven asset may stay subdued, keeping prices stable or slightly lower in the short term.
Expert Opinion
Financial experts maintain a neutral to mildly bearish outlook for gold in the short run but remain confident in its long-term strength. A Karachi-based gold trader commented, “Short-term drops are natural after historic highs. Gold remains a reliable store of value, especially in uncertain economic times.”
Final Thoughts
The recent drop in gold prices has brought a wave of relief to Pakistani buyers and traders. While short-term corrections may continue, gold’s long-term appeal as a hedge against inflation and currency weakness remains strong. For now, October 2025 offers a small but welcome window of affordability for those planning to invest or celebrate with gold.