The Karachi bullion market saw gold prices extend their decline on Monday, closing the month of August on a subdued note. The today gold rate in Karachi for 24-karat gold fell by Rs. 1,800, settling at Rs. 466,136.
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This marks the second consecutive session of losses for the yellow metal, as the recent recovery momentum shows signs of cooling. The decline reflects a market consolidation phase after the explosive gains witnessed earlier in the month.
In 10 grams, 24-karat gold decreased by Rs. 1,543 to Rs. 399,636, while 22-karat gold fell by Rs. 1,414 to Rs. 366,346. The modest declines across all variants indicate controlled selling pressure rather than panic.
Also Read: Gold rates in Karachi fall Rs. 15,100 per tola
The dip was influenced by mild weakness in global markets. The international gold price per ounce fell by $18 to $4,436, retreating from recent highs. This global market softness provided a bearish cue for local traders.
Despite the recent pullback, gold remains significantly above the July lows near Rs. 421,000, with gains of approximately Rs. 45,000 per tola still intact. The broader recovery trend remains in place, though the market appears to be taking a breather.
Gold Rates in Pakistan – Latest Updates
Last week, gold rates in Pakistan recorded a sharp fall, with the bullion market tumbling across all categories after Friday’s flat session, as international gold prices dropped sharply and domestic rates slid well below the Rs. 470,000 mark.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola fell by Rs. 15,100, settling at Rs. 467,936.
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The price of 24-karat gold per 10 grams dropped by Rs. 12,946 to Rs. 401,179, while 22-karat gold per 10 grams lost Rs. 11,868, settling at Rs. 367,760.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
