The Pakistan bullion market witnessed a dramatic reversal on Wednesday, as gold prices plunged with today gold price of 24-karat in Karachi fell by Rs. 10,000.
This massive decline, one of the largest single-day, completely erases the gains from the past several sessions.
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The violent correction highlights the extreme market volatility that has come to define precious metals trading, with prices swinging tens of thousands of rupees in both directions.
Gold Rates in Karachi for Wednesday, March 4, 2026:
Gold, 24K per tola: Rs. 539,962 down by Rs. 10,000
Gold, 24K per 10 grams: Rs. 462,930 down by Rs. 8,573
Gold, 22K per 10 grams: Rs. 424,367 down by Rs. 7,859
The gold crash was triggered by a severe global sell-off. The international gold price per ounce plummeted by $100 to $5,172, falling back below the $5,200 level.
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The ability of prices to swing by Rs. 10,000 in a single session demonstrates that volatility is the only constant.
The rare divergence between gold and silver adds another layer of complexity, suggesting that different forces may be at play for each metal.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
For daily updates visit our detailed Gold Price in Karachi page
