Pakistan’s bullion market witnessed a decline on Friday, as gold prices dropped following two consecutive sessions of strong gains amid weakness in international markets.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola decreased by Rs. 2,700, settling at Rs. 494,062.
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Similarly, the rate of 24-karat gold per 10 grams fell by Rs. 2,315 to Rs. 423,578, while 22-karat gold per 10 grams declined by Rs. 2,123, closing at Rs. 388,293.
Gold rates in Pakistan on Friday, May 8, 2026:
- Gold, 24K per tola: Rs. 494,062 (-2,700)
- Gold, 24K per 10 grams: Rs. 423,578 (-2,315)
- Gold, 22K per 10 grams: Rs. 388,293 (-2,123)
Meanwhile, international gold prices also recorded a decline, falling by $27 to settle at $4,717 per ounce.
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The downward movement in global bullion markets weighed on domestic gold prices, as investors reacted to changing international market trends.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for 999 purity (24K).
For daily updates visit our detailed Gold Price in Karachi page
