Today’s gold rate in Karachi and across Pakistan recorded another significant decline on Wednesday, with the bullion market continuing its painful downward run as domestic prices fell further across all categories, pushing rates below the Rs. 420,000 mark and extending what has been one of the most difficult months for Pakistan’s gold market in recent memory.
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According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola declined by Rs. 5,200, settling at Rs. 419,636.
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The price of 24-karat gold per 10 grams declined by Rs. 4,458 to Rs. 359,770, while the rate of 22-karat gold per 10 grams fell by Rs. 4,086, settling at Rs. 329,801.
Today’s gold rates in Karachi and Pakistan on Wednesday, July 1, 2026:
- Gold, 24K per tola: Rs. 419,636 (-5,200)
- Gold, 24K per 10 grams: Rs. 359,770 (-4,458)
- Gold, 22K per 10 grams: Rs. 329,801 (-4,086)
International gold prices also moved lower, declining by $52 to settle at $3,972 per ounce, pushing global rates below the psychologically significant $4,000 mark for the first time in a significant period.
The decline in global gold rates was reflected in domestic pricing, with prices falling across all categories throughout Wednesday’s session.
The scale of Wednesday’s drop is notably larger than Tuesday’s decline, and the breach of $4,000 per ounce in international markets adds a further layer of significance to an already deeply challenging period for the metal.
Today’s Gold Rates in Karachi Falls as June Ends on a Painful Note
Wednesday’s decline follows Tuesday’s fall of Rs. 4,100 per tola, which had itself pushed domestic prices below Rs. 425,000 for the first time in several weeks.
READ: Today’s gold rates in Karachi: Prices dip below Rs. 425,000 per tola
Together, the past several sessions have now seen prices erode steadily and consistently, with no meaningful session of recovery to break the trend.
The broader context of the past month has been one of extraordinary and sustained weakness.
Gold had fallen sharply on multiple occasions throughout June, with single-session drops of Rs. 10,400, Rs. 14,900, and Rs. 12,627 per tola among the most punishing moments of the month.
Brief recoveries had offered hope at various points but were repeatedly reversed, and Wednesday’s decline confirms that the downward trend has deepened rather than stabilised as the month draws to a close.
Today’s Gold Rates in Karachi Breaks Below Rs. 420,000
At Rs. 419,636 per tola, domestic gold prices have now broken below the Rs. 420,000 mark, a level not seen in a significant period, underlining just how far prices have fallen from the highs recorded earlier in the year.
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The breach of this level, coming alongside the fall of international gold below $4,000 per ounce, represents a notable development in the ongoing correction.
Internationally, gold at $3,972 per ounce has now moved below the $4,000 threshold, a level that has served as a key psychological reference point in global markets.
How prices behave around this level in the coming sessions will be closely watched by market participants.
Market Still Searching for a Floor
Gold continues to be shaped by a mix of global economic signals, currency movements, and shifting investor sentiment.
Wednesday’s sharper decline, which coincides with the close of June and the start of a new month, adds to an already exceptionally difficult period for Pakistan’s bullion market.
Pakistan gold rates continues to be influenced by international bullion prices, currency movements, and investor sentiment.
Traders will closely watch whether July brings any change in direction or whether the downward pressure that has dominated June continues into the new month.
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
