Gold rates in Pakistan saw a minor decline today, 23 October 2025, with 24-carat gold now trading at Rs 439,500 per tola and Rs 376,800 per 10 grams, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) and local updates from Hamariweb Islamabad. This adjustment reflects a soft correction after days of fluctuating trends driven by international gold prices and the rupee’s performance in the interbank market.
Updated Gold Rates in Islamabad — 23 October 2025
- 24K Gold (1 Tola): Rs 439,500
- 24K Gold (10 Grams): Rs 376,800
- 22K Gold (1 Tola): Rs 402,979
- 22K Gold (10 Grams): Rs 345,400
In the international market, gold remains around $4,210 per ounce, showing slight cooling after a record surge earlier in October.
Market Stability After Volatility
Earlier this month, Pakistan’s gold market saw unprecedented highs crossing Rs 456,000 per tola, largely due to a jump in international prices and a weaker rupee. With the currency showing mild recovery, domestic rates have adjusted accordingly.
Traders in Islamabad, Rawalpindi, and Lahore noted reduced panic buying as prices stabilized. Market activity has shifted toward small ornaments and short-term investments rather than large bullion purchases.
Why Gold Prices Are Adjusting
According to analysts, the decline is linked to:
- Slight correction in global spot gold prices.
- A temporary strengthening of the Pakistani rupee.
- Profit-taking in international commodity markets.
- Seasonal slowdown in bullion demand after heavy wedding season buying.
However, the market remains highly sensitive to international trends — especially geopolitical tensions, crude oil fluctuations, and potential interest rate changes in the U.S.
Silver Prices in Pakistan — 23 October 2025
The silver market also remained stable today:
- Silver (1 Tola): Rs 5,250
- Silver (10 Grams): Rs 4,505
Globally, silver traded around $51.45 per ounce, with little movement compared to previous sessions.
Local Market Overview
In major bullion hubs such as Karachi, Lahore, and Rawalpindi, traders reported limited activity today, expecting a price rebound if the rupee weakens again. Despite the current correction, gold remains an attractive option for investors seeking protection against inflation and uncertain economic indicators.
Gold as a Safe Investment in 2025
Gold continues to be a key financial hedge for Pakistani households. As inflation pressure and currency volatility persist, investors are increasingly diversifying into precious metals. Many small investors prefer smaller denominations (5-gram and 10-gram bars) for liquidity and affordability.
Economic Context and Reserve Composition
Pakistan’s gold reserves have climbed to nearly $9 billion, forming a significant portion of the country’s overall foreign assets. This is a notable shift from previous years, reflecting growing confidence in precious metals as part of the national financial structure.
Outlook for Coming Weeks
Experts predict mild fluctuations in gold prices through late October and early November. If the rupee weakens or global demand rises again, prices could move back above Rs 445,000 per tola. Conversely, a stable exchange rate and calmer international markets may keep prices around the current level.
Gold and Local Lifestyle Spending
The latest movement in gold prices also affects spending habits across Islamabad and Rawalpindi. With increased costs for luxury goods, travel, and real estate, consumers are more inclined toward flexible options for transportation and investment.
For those who prefer convenience in travel during uncertain economic times, services like Al Farooq Rent A Car offer reliable solutions. Whether for family trips, business commutes, or city-to-city car rentals between Islamabad, Rawalpindi, Lahore, or Faisalabad, the company ensures comfortable and affordable mobility.
Related FAQs
What is the 1 tola gold rate in Pakistan today?
As of 23 October 2025, the rate of 24-carat gold is Rs 439,500 per tola.
What is the 10-gram gold price today?
The price stands at Rs 376,800 for 24-carat and Rs 345,400 for 22-carat gold.
What is the international gold price today?
Gold is trading near $4,210 per ounce globally.
Are silver rates stable today?
Yes, silver prices in Pakistan remain steady at Rs 5,250 per tola.
Will gold prices rise again this month?
Analysts expect mild volatility depending on currency movement and global market direction.
