Pakistan’s bullion market recorded a strong rebound on Tuesday, as gold prices climbed sharply across all categories following a powerful recovery in international rates, reversing the losses recorded in the previous session.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola jumped by Rs. 4,600, settling at Rs. 476,362.
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Similarly, the rate of 24-karat gold per 10 grams rose by Rs. 3,944, closing at Rs. 408,403, while 22-karat gold per 10 grams also gained Rs. 3,616 to settle at Rs. 374,383.
Gold rates in Pakistan on Tuesday, June 2, 2026:
- Gold, 24K per tola: Rs. 476,362 (+4,600)
- Gold, 24K per 10 grams: Rs. 408,403 (+3,944)
- Gold, 22K per 10 grams: Rs. 374,383 (+3,616)
Meanwhile, international gold prices also staged a strong recovery, gaining $46 to settle at $4,540 per ounce as global markets bounced back strongly.
The sharp uptick in global bullion markets was reflected in domestic prices, as traders and investors returned with renewed confidence following Monday’s decline.
With fresh buying interest emerging across the market, activity picked up significantly throughout the session.
A Volatile Few Sessions
Tuesday’s strong recovery comes after a difficult session on Monday, June 1, when gold prices had declined sharply by Rs. 4,400 per tola to settle at Rs. 471,762. International gold had also fallen by $44 to settle at $4,494 per ounce on that day, adding pressure on domestic markets.
READ: Gold Prices Fall Sharply in Pakistan on June 1, 2026
Prior to Monday’s decline, gold had recorded a positive session on Saturday, May 30, when prices had edged higher by Rs. 1,300 per tola to settle at Rs. 476,162 as international markets moved higher.
The previous Friday had seen a marginal dip of Rs. 500 per tola as domestic markets reopened cautiously after the Eid ul Adha holiday period.
Near All-Time High Levels
Despite the recent volatility, gold prices in Pakistan remain near historic highs. The metal has been on a significant upward trajectory over the past year, with domestic prices repeatedly breaking records in line with surging international rates driven by global economic uncertainty and geopolitical tensions.
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The current price of Rs. 476,362 per tola keeps gold prices well elevated and within striking distance of all-time highs. Market watchers will be closely monitoring international developments in the coming sessions to gauge whether gold can push toward fresh record levels or faces another period of consolidation and correction.
With global economic uncertainty and geopolitical tensions continuing to support demand for safe-haven assets, gold remains well supported at current levels following Tuesday’s strong recovery.
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
