The price of gold and silver continued their downward trend in the Pakistani market on Sunday, November 2, 2025, with 24-karat gold per tola falling by Rs1,600 to settle at Rs422,562, tracking a decline in global bullion rates. This dip, which also saw silver per tola close at Rs5,127 provides a potential buying opportunity for consumers and investors after a period of historic highs.
Gold and Silver Prices in Pakistan (November 2, 2025)
The table below outlines the current prices for gold and silver in the local market, as reported by the All Pakistan Sarafa Gems and Jewellers Association.
| Commodity | Unit | Current Price (PKR) | Change from Previous Day (PKR) |
| Gold (24-Karat) | Per Tola | 422,562 | -1,600 |
| Gold (24-Karat) | Per 10 Grams | 362,278 | -1,372 |
| Gold (22-Karat) | Per 10 Grams | 332,100 | Not Specified |
| Silver (24-Karat) | Per Tola | 5,127 | -65 |
| Silver (24-Karat) | Per 10 Grams | 4,395 | Not Specified |
Global Market Influence
The domestic price movement is directly linked to the global market, where gold has pulled back from recent peaks.
- International Spot Gold: Fell by $16 to $4,002 per ounce on Friday’s closing.
- Driving Factors: The downward trend internationally is primarily driven by a strengthening US dollar and a more cautious investor sentiment as markets digest central bank commentary on inflation and interest rates.
Analysts suggest that recent geopolitical escalations and heightened inflation fears, which had pushed gold past the $4,000 per ounce mark earlier, appear to be stabilizing temporarily, leading to a profit-taking and correction phase.
Expert Analysis and Outlook
Market experts attribute the local fluctuations to a combination of international signals and domestic currency performance.
- Key Drivers: The Pakistani Rupee’s performance against the US dollar and global demand shifts continue to be the biggest determinants for precious metal prices in Pakistan.
- Investment Perspective: Despite the short-term decline, gold’s long-term outlook remains cautiously bullish for 2026, driven by persistent global economic uncertainty and strong central bank demand for the safe-haven asset. The continued strong institutional buying (including central banks) for diversification away from the US Dollar acts as a robust floor for the price.
This recent drop offers a breather for local consumers, particularly those planning purchases for the upcoming wedding season or festive demand, making it an opportune moment for staggered buying.
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