By midmorning, the metal counters in Karachi’s Sarafa Bazaar were already smudged with fingerprints. Gold buyers leaned in close to read the small white boards that traders update every few hours. The new gold rate in Pakistan had landed, and it carried that familiar weight, uncertainty mixed with urgency.
On October 16, 2025, the 24K gold price in Pakistan touched PKR 452,000 per tola. The 18K and 14K categories followed the climb, keeping shopkeepers on edge and customers quietly recalculating what they could still afford. Traders called it a “nervous morning.” Prices like these never come quietly; they arrive with whispers and raised eyebrows.
For most families, especially in cities where gold still means security, the price board tells a story of its own. It’s the savings plan tucked inside a drawer. It’s the piece a mother buys before her daughter’s wedding. Even when money feels uncertain, gold sits solid in the hand.
Current Gold Prices in Pakistan (Per Tola & Per Gram)
Today’s rates, gathered from main trading centers across Pakistan, stand as follows:
| Karat | Price Per Tola (PKR) | Price Per Gram (PKR) |
| 24K | 452,000 | 37,100 |
| 18K | 339,000 | 27,825 |
| 14K | 265,000 | 21,640 |
Goldsmiths say buyers are walking in with smaller budgets but the same seriousness. Heavy bridal sets have slowed down; lighter designs are back in demand. “People want something they can wear now and still sell later,” said one jeweler, polishing a half-made bangle behind the counter.
City-Wise Gold Rates Across Pakistan
Rates shift slightly between cities, not by chance but through habit and history. Every market has its own rhythm.
Karachi
The gold rate in Karachi sits around PKR 452,000 per tola. The city still leads the trade, its dealers glued to Dubai prices. The clinking of scales mixes with the calls of money changers. Here, gold feels alive, measured, weighed, and argued over every hour.
Lahore
In Lahore, 24K gold trades near PKR 451,500 per tola. The shops in Liberty and Anarkali are busier than usual, thanks to wedding preparations. “Every family tries to buy at least something before the rate jumps again,” said a store owner who’s been tracking prices for thirty years.
Islamabad
The capital stays just above the national average, roughly PKR 452,200 per tola. Many buyers here look for investment bars rather than jewelry. Quiet shops, polite talk, quick deals. Traders say demand has steadied as professionals hedge against a weaker rupee.
Peshawar
In Peshawar, rates hover close to PKR 451,800 per tola. The Namak Mandi market moves with a steady rhythm. Some dealers say the Afghan border trade adds a small edge to daily pricing. “It’s always moving, never still,” said one trader, wiping sweat from his brow.
Multan
The gold rate in Multan sits near PKR 451,700 per tola. The city’s jewelers still favor traditional styles, thick with engraving and history. Orders have slowed slightly, but gold remains the one product no one dares ignore.
Gold Rate Trend: Last Week vs Today
A week ago, 24K gold was trading around PKR 449,500 per tola. The difference may seem small, but in the gold world, that’s a noticeable shift.
The rupee’s softness against the dollar and a stronger global market lifted prices here. Traders expect the next few days to stay uneven, with short bursts of movement instead of a straight rise.
Factors Influencing Gold Prices in Pakistan
Every day’s gold rate is shaped by forces most buyers never see. A few stand out more than others:
- International Prices: Pakistan’s rates follow global gold movements closely.
- Exchange Rate: When the rupee slips, gold prices jump.
- Inflation: With living costs rising, people see gold as a safer place to park money.
- Seasonal Buying: Weddings and religious festivals bring surges in local demand.
- Interest Rates: Lower global rates make gold more appealing to investors.
- Political Mood: Uncertainty anywhere drives more buyers to precious metals.\
Old traders like to say gold moves with human emotion—fear, hope, and habit. That pattern hasn’t changed in decades.
Expert Opinions & Market Reactions
Across the markets, the tone is cautious but not gloomy. A senior dealer in Karachi said most buyers are now turning to 18K pieces, balancing price and purity. “People still want gold,” he said. “They just buy less at a time.”
In Lahore, jewelers expect steady business through the end of the month, helped by the wedding season. Islamabad’s dealers believe the gold rate in Pakistan will hover around current levels until the next big global announcement.
Traders call this a “holding phase.” No one’s rushing, but no one’s walking away either. Behind every counter, the same story repeats: quiet calculations, soft clinks of gold on glass, and a small crowd watching numbers that never seem to rest.
For many, gold remains the one thing that feels certain in a market that rarely is. And in Pakistan, that certainty still shines brighter than anything else on display.
Read : More Breaking And Daily Gold Rates News