Pakistan’s bullion market recorded another painful session on Thursday, as gold prices continued their downward trajectory across all categories, extending the recent run of heavy losses as global markets remained under sustained selling pressure.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola declined by Rs. 9,720, settling at Rs. 432,716.
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Similarly, the rate of 24-karat gold per 10 grams fell by Rs. 8,748, closing at Rs. 369,422, while 22-karat gold per 10 grams also dropped by Rs. 7,950 to settle at Rs. 338,998.
Gold rates in Pakistan on Thursday, June 11, 2026:
- Gold, 24K per tola: Rs. 432,716 (-9,720)
- Gold, 24K per 10 grams: Rs. 369,422 (-8,748)
- Gold, 22K per 10 grams: Rs. 338,998 (-7,950)
Meanwhile, international gold prices also extended their losses, falling by $97.200 to settle at $4,102.800 per ounce as global markets continued to face broad and persistent selling pressure.
The continued weakness in global bullion markets was swiftly reflected in domestic prices, as traders and investors remained cautious amid the ongoing sell-off. With fresh buying interest largely absent and selling activity maintaining its grip on the market, gold prices declined across all categories throughout Thursday’s session.
Losses Pile Up as Decline Stretches Into Another Session
Thursday’s decline follows Wednesday’s devastating drop of Rs. 12,627 per tola, which had pushed domestic gold prices firmly below the Rs. 450,000 mark and matched some of the worst single-session losses seen in recent memory. While Thursday’s fall is somewhat smaller in scale, it confirms that selling pressure has not yet exhausted itself and that no meaningful recovery has emerged.
READ: Gold plunges by Rs. 12,627 per tola in Pakistan as prices crash below Rs. 450,000 mark
The recent period has been relentlessly painful for gold investors in Pakistan. Saturday, June 6, had seen gold crash by Rs. 12,489 per tola to settle at Rs. 455,327. Monday, June 8, extended losses by Rs. 3,094 per tola to Rs. 452,233. Tuesday, June 9, brought a brief recovery of Rs. 2,830 per tola, which proved entirely short-lived as Wednesday’s collapse of Rs. 12,627 per tola erased all those gains and more. Thursday’s additional decline of Rs. 9,720 per tola deepens the pain further still.
The cumulative losses recorded over the past week represent one of the most severe and sustained corrections Pakistan’s gold market has seen in recent memory.
Deeper Into Uncharted Territory Below Rs. 450,000
With Thursday’s decline, domestic gold prices have now moved even further below the key Rs. 450,000 per tola mark, reinforcing Wednesday’s major psychological breakdown. The continued inability of prices to recover above this level is likely to weigh heavily on investor sentiment in the near term.
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At Rs. 432,716 per tola, domestic gold prices now stand dramatically below the record highs recorded earlier in the year. With international gold trading at $4,102.800 per ounce following Thursday’s losses, market analysts will be watching closely whether any stabilization emerges at current levels or whether further downside remains ahead.
Market watchers will be closely monitoring global developments in the coming sessions to assess whether Thursday’s continued decline represents the tail end of this correction or signals that the selling pressure still has room to run.
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
