Pakistan’s bullion market recorded a modest recovery on Thursday, as gold prices edged higher across all categories following the steep losses recorded in the previous session, with buyers returning to the market at lower levels.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola increased by Rs. 1,523, settling at Rs. 469,285.
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Similarly, the rate of 24-karat gold per 10 grams rose by Rs. 1,305, closing at Rs. 402,335, while 22-karat gold per 10 grams also gained Rs. 1,197 to settle at Rs. 368,821.
Gold rates in Pakistan on Thursday, June 4, 2026:
- Gold, 24K per tola: Rs. 469,285 (+1,523)
- Gold, 24K per 10 grams: Rs. 402,335 (+1,305)
- Gold, 22K per 10 grams: Rs. 368,821 (+1,197)
Meanwhile, international gold prices also recorded a modest gain, rising by $14.499 to settle at $4,468.499 per ounce as global markets stabilised following the previous session’s heavy selling.
The uptick in global bullion markets was reflected in domestic prices, as traders and investors returned cautiously to the market following Wednesday’s steep decline. With fresh buying interest emerging at lower price levels, activity picked up modestly compared to the sell-off dominated session of the previous day.
A Rollercoaster Week for Gold
Thursday’s partial recovery follows a sharp and painful session on Wednesday, June 3, when gold prices had plunged by Rs. 8,600 per tola to settle at Rs. 467,762, marking one of the steepest single-session drops recorded in recent weeks. International gold had also fallen heavily by $86 to settle at $4,454 per ounce on that day, as global markets came under significant selling pressure.
READ: Gold crashes by Rs. 8,600 per tola as Pakistan bullion market records sharp decline
Prior to Wednesday’s steep decline, gold had staged a powerful recovery on Tuesday, June 2, surging by Rs. 4,600 per tola to settle at Rs. 476,362. Before that, gold had fallen sharply on Monday, June 1, declining by Rs. 4,400 per tola to settle at Rs. 471,762.
Thursday’s gain of Rs. 1,523 per tola represents a partial but welcome recovery, though it falls well short of offsetting Wednesday’s steep losses. Domestic gold prices remain below the Rs. 470,000 mark, reflecting the scale of damage done by the previous session’s sell-off.
Still Below Recent Highs
Despite Thursday’s modest recovery, gold prices in Pakistan remain well below the levels recorded earlier in the week and continue to trade significantly below all-time highs. The metal has been on a broadly upward trajectory over the past year, with domestic prices repeatedly reaching record highs in line with surging international rates driven by global economic uncertainty and geopolitical tensions.
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The continued volatility in gold markets, with sharp swings in both directions over consecutive sessions, is a reminder of the uncertain global environment that continues to drive investor behaviour in precious metals markets. Market watchers will be closely monitoring international developments in the coming sessions to assess whether Thursday’s recovery can be sustained or whether another round of selling pressure lies ahead.
With global economic uncertainty continuing to shape investor sentiment, gold remains a closely watched asset in both domestic and international markets.
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
