The Karachi bullion market erupted with historic force on Tuesday, with gold prices executing one of the largest single-day gains on record.
The today gold rate in Karachi for 24-karat gold skyrocketed by an astonishing Rs. 24,000, closing at a staggering Rs. 514,362.
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This monumental surge not only fully recovers last week’s devastating crash but propels the market back to the highs seen just days prior, signaling an overwhelming return of aggressive buying pressure.
Gold Rates in Karachi for Tuesday, February 3, 2026:
- Gold, 24K per tola: Rs. 514,362 up by Rs. 24,000
- Gold, 24K per 10 grams: Rs. 440,982 up by Rs. 20,576
- Gold, 22K per 10 grams: Rs. 404,248 up by Rs. 18,862
- Silver, 24K per tola: Rs. 9,146 up by Rs. 741
- Silver, 24K per 10 grams: Rs. 7,841 up by Rs. 636
Gold Rates in Karachi for Tuesday, February 3, 2026:
Silver also joined the frenzy with a powerful jump of Rs. 741 per tola to Rs. 9,146, demonstrating that the bullish momentum is broad-based across precious metals.
The rocket was launched by a nuclear-grade global rally. The international gold price per ounce detonated higher by $240 to $4,916, nearly reclaiming the $5,000 level.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
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The Karachi bullion market remained in freefall on Monday, with gold prices collapsing further to fall decisively below the Rs 500,000 per tola mark.
A day earlier, the gold rate in Karachi for 24-karat gold plummeted by another Rs. 21,500, closing at Rs. 490,362.
This sharp decline extends the historic correction that began on Friday, bringing the total loss over just three trading sessions to a staggering Rs. 82,500 per tola.
The break below the Rs. 500,000 psychological support level signals a potential market capitulation, erasing the record-breaking gains of late January.
