After witnessing a slight hike for a day, the price of gold in Pakistan dropped again significantly on Tuesday following changes in the global rates.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold fell by Rs3,500 per tola, bringing it down to Rs420,362.

In the local market, the price of 10 grams of 24-karat gold decreased by Rs3,001, settling at Rs360,392. Similarly, 10 grams of 22-karat gold were sold at Rs330,263, down by a good Rs2,859 compared to the previous day.

Also Read: Gold rate in Pakistan today: Nov 03, 2025

On the international front, gold dropped by $35, reaching $3,980 per ounce, reflecting a consistent downward trend driven by strengthening global currencies and cautious investor sentiment.

Silver also declines

Silver prices also followed the same trend. The rate of 24-karat silver per tola declined by Rs130 to be sold for Rs5,022, while 10 grams of silver were being sold for Rs4,305.

Analysts note that fluctuations in the interbank exchange rate and uncertainty in global demand continue to impact precious metal prices in Pakistan. Investors are expected to watch both currency movements and international gold market trends closely in the coming days.