Gold shines again as global prices surge $53 per ounce

Price of 24-carat gold per tola rose by Rs 5,300, reaching Rs 424,162

Web Desk October 31, 2025 Less than a minute read

In 2006-07, a 1 percent withholding tax was imposed on commercial imports of gold in the country. Photo: Express News

Following a 25 basis points cut in the US Federal Reserve’s interest rate, rising global demand has driven a surge in gold prices. In the international bullion market, the price of gold per ounce jumped by $53 to $4,018.

The global increase also impacted local markets. On Friday, the price of 24-carat gold per tola rose by Rs 5,300, reaching Rs 424,162, while gold per 10 grams increased by Rs 4,544 to Rs 363,650.

Read: Gold prices decline in Pakistan after $10 dip in world market

Silver prices also saw gains, with per tola rising by Rs 158 to Rs 5,192 and per 10 grams increasing by Rs 136 to Rs 4,451.

Spot gold was down 0.5% at $4,004.37 per ounce by 0936 GMT, after gaining nearly 4% so far this month. U.S. gold futures for December delivery were steady at $4,016.30 per ounce.

Elsewhere, spot silver fell 0.2% to $48.82 per ounce, platinum lost 1.5% to $1,586.64, and palladium dropped 0.4% to $1,438.72.