Karachi, November 18, 2025 – The All Pakistan Sarafa Gems and Jewelers Association released its latest bullion market update on Tuesday, reporting notable declines in both gold and silver prices across domestic and global markets.
The downward trend reflects continued pressure from international price movements and fluctuations in interbank foreign exchange rates, which directly influence local bullion valuations.
According to the Association, the price of 24-karat gold per tola dropped sharply by Rs7,000, settling at Rs423,662 compared with the previous day’s closing rate of Rs430,662. Gold prices per 10 grams also registered a significant fall, with 24-karat gold decreasing by Rs6,002 to Rs363,221, and 22-karat gold dropping by Rs5,502, closing at Rs332,964.
The international gold market mirrored this decline, where gold per ounce slipped by $70, closing at $4,013 against the earlier value of $4,083. Market watchers attribute the global drop to shifting investor sentiment, heightened geopolitical uncertainty, and corrective adjustments following recent highs.
Silver prices followed a similar pattern. In the local market, 24-karat silver per tola decreased by Rs113 to Rs5,245, while 10 grams of silver fell by Rs106, reaching Rs4,496. On the global stage, silver per ounce recorded a decline of $1.23, closing at $49.73.
Gold & Silver Price Changes – November 18, 2025
| Commodity | Updated Price | Change |
| Gold 24K per tola | Rs423,662 | – Rs7,000 |
| Gold 24K per 10g | Rs363,221 | – Rs6,002 |
| Gold 22K per 10g | Rs332,964 | – Rs5,502 |
| Gold per ounce (global) | $4,013 | – $70 |
| Silver 24K per tola | Rs5,245 | – Rs113 |
| Silver 24K per 10g | Rs4,496 | – Rs106 |
| Silver per ounce (global) | $49.73 | – $1.23 |
The Association added that these rates are determined based on prevailing interbank foreign exchange levels, which continue to shape local bullion pricing trends.