Pakistan’s bullion market recorded another devastating session on Wednesday, as gold prices collapsed sharply across all categories, erasing Tuesday’s modest recovery and pushing domestic rates firmly below the key Rs. 450,000 per tola mark as global markets came under intense selling pressure once again.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola plunged by Rs. 12,627, settling at Rs. 442,436.
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Similarly, the rate of 24-karat gold per 10 grams crashed by Rs. 11,364, closing at Rs. 378,170, while 22-karat gold per 10 grams also tumbled by Rs. 10,277 to settle at Rs. 346,948.
Gold rates in Pakistan on Wednesday, June 10, 2026:
- Gold, 24K per tola: Rs. 442,436 (-12,627)
- Gold, 24K per 10 grams: Rs. 378,170 (-11,364)
- Gold, 22K per 10 grams: Rs. 346,948 (-10,277)
Meanwhile, international gold prices also witnessed a massive collapse, plunging by $126.270 to settle at $4,200 per ounce as global markets came under extremely heavy selling pressure.
The sharp drop in global bullion markets was swiftly reflected in domestic prices, as traders and investors moved to offload positions amid the broad and severe market sell-off. With selling activity dominating the session and fresh buying interest largely absent, gold prices collapsed across all categories throughout the day.
A Brutal Few Weeks for Gold
Wednesday’s devastating decline comes just a day after Tuesday’s brief recovery of Rs. 2,830 per tola, which had briefly raised hopes of a sustained rebound. That recovery proved entirely short-lived as selling pressure returned with full force on Wednesday.
READ: Gold prices rebound in Pakistan as bullion market recovers after days of steep losses
The recent period has been extraordinarily painful for gold prices in Pakistan. Saturday, June 6, had seen gold crash by Rs. 12,489 per tola to settle at Rs. 455,327. Monday, June 8, had added further losses of Rs. 3,094 per tola, pushing prices to Rs. 452,233. Wednesday’s collapse of Rs. 12,627 per tola now matches Saturday’s devastating session in scale and has pushed domestic gold prices to their lowest levels in many months.
The combined losses recorded over the past week represent one of the most dramatic and sustained pullbacks in Pakistan’s gold market in recent memory, with domestic prices having shed tens of thousands of rupees per tola from the highs recorded just weeks ago.
Breaking Below Key Rs. 450,000 Mark
Wednesday’s plunge has pushed domestic gold prices firmly below the key Rs. 450,000 per tola mark for the first time in a significant period, representing a major psychological and technical breakdown in the bullion market. The breach of this important level is likely to weigh further on investor sentiment in the near term.
The current price of Rs. 442,436 per tola represents a dramatic fall from the record highs seen earlier in the year. With international gold now trading at exactly $4,200 per ounce following Wednesday’s heavy losses, market analysts will be watching closely whether this level holds as support or whether further weakness lies ahead.
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Market watchers will be closely monitoring international developments in the coming sessions to assess whether Wednesday’s collapse represents an extreme but temporary correction or signals the beginning of a more prolonged and sustained period of weakness in global and domestic gold markets.
With global economic uncertainty continuing to shape investor sentiment, gold remains a closely watched and highly sensitive 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
