Karachi (October 2025): In a surprising twist in Pakistan’s bullion market, gold prices dropped sharply, while silver soared to a record high, reshaping investor sentiment and jewelry buyers’ plans.
According to market updates, the price of one tola of gold fell by Rs. 4,578, settling at Rs. 420,600. Meanwhile, the price for 10 grams of gold decreased by Rs. 3,924, closing at Rs. 360,597.
On the other hand, silver prices surged to historic levels, with one tola rising by Rs. 34 to Rs. 5,100, and 10 grams climbing by Rs. 29.42 to Rs. 4,372.42.
Why Did Gold Fall but Silver Rise?
- Global Market Influence – International bullion rates dipped, causing a sharp decline in local gold prices.
- Industrial Demand for Silver – Silver demand has grown due to its use in solar panels, electronics, and renewable energy projects.
- Investor Shifts – Many small investors are now preferring silver as a “cheaper” safe-haven compared to gold.
- Currency Fluctuations – The rupee’s volatility impacts imported bullion costs, creating added pressure on gold.
Impact on Buyers and Investors
- 💍 Jewelry Buyers: Those planning weddings or festive purchases may find temporary relief in gold rates.
- 📈 Investors: Silver is becoming an attractive option for both large and small investors due to its industrial value.
- ⚠️ Volatility: Prices of both metals remain highly unpredictable, influenced by global market shifts and currency performance.
Quick Detail Table
| Precious Metal | Change | New Price |
|---|---|---|
| Gold (per tola) | ▼ Down Rs. 4,578 | Rs. 420,600 |
| Gold (10 grams) | ▼ Down Rs. 3,924 | Rs. 360,597 |
| Silver (per tola) | ▲ Up Rs. 34 | Rs. 5,100 |
| Silver (10 grams) | ▲ Up Rs. 29.42 | Rs. 4,372.42 |

Looking Ahead
- Gold prices may stabilize if global markets recover.
- Silver’s upward trend could continue with industrial demand.
- Currency movements will remain a key factor for both metals.
Conclusion
The drop in gold prices alongside record-breaking silver highs highlights a new trend in Pakistan’s precious metals market. While gold has long been the traditional safe-haven asset, silver’s industrial strength and affordability are attracting growing investor interest.
For now, Pakistan’s bullion market is entering a dynamic phase, where smart investors will watch global trends, currency changes, and industrial growth before making their next move.
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