The Karachi bullion market staged a significant recovery on Saturday, with gold prices bouncing back strongly from the previous day’s historic plunge.
The today gold rate in Karachi for 24-karat gold surged by Rs. 11,700, closing at Rs. 519,462.
This robust rebound recaptures more than half of Friday’s massive losses, indicating that buyers quickly returned to the market, viewing the sharp decline as a buying opportunity.
Visit Times of Karachi website for the latest news-related content
The move highlights the extreme two-way volatility that has become characteristic of the current market environment.
Gold Rates in Karachi for Saturday, February 7, 2026:
Gold, 24K per tola: Rs. 519,462 up by Rs. 11,700
Gold, 24K per 10 grams: Rs. 445,354 up by Rs. 10,030
Gold, 22K per 10 grams: Rs. 408,256 up by Rs. 9,195
Silver, 24K per tola: Rs. 8,269 up by Rs. 444
Silver, 24K per 10 grams: Rs. 7,089 up by Rs. 381
Silver Rates in Karachi for Saturday, February 7, 2026:
Silver prices also recovered, climbing Rs. 444 per tola to Rs. 8,269, though they remain significantly below their recent highs.
The international gold price per ounce rose by $117 to $4,967, while silver increased by $4.44 to $77.94.
Follow the Times of Karachi channel on WhatsApp
This global market recovery suggests that the underlying drivers for precious metals—such as inflation hedging and currency concerns—remain intact, and Friday’s sell-off was likely an overreaction.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
A day earlier, the Karachi bullion market was hit by a severe sell-off on Friday, with gold and silver prices experiencing one of their sharpest single-day declines across Pakistan.
The today gold rate in Karachi for 24-karat gold plummeted by a massive Rs. 21,400, closing at Rs. 507,762.
This dramatic fall erases most of the gains made earlier in the week and signals a return of intense selling pressure.
