In a violent reversal of fortune, the Karachi bullion market experienced a historic crash on Friday, with gold prices collapsing from their stratospheric highs.
The today gold rate in Karachi for 24-karat gold per tola witnessed a catastrophic plunge of Rs. 35,500, closing at Rs. 537,362.
This represents one of the largest single-day rupee falls in history, abruptly ending the two-day parabolic rally that had added over Rs. 42,000.
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The dramatic market correction wiped out a significant portion of the week’s unprecedented gains, though prices remain astronomically high compared to just a month ago.
Gold Rate in Karachi for Friday, January 30, 2026:
- Gold, 24K per tola: Rs. 537,362 drop by Rs. 35,500
- Gold, 24K per 10 grams: Rs. 460,701 drop by Rs. 30,435
- Gold, 22K per 10 grams: Rs. 422,324 drop by Rs. 27,900
- Silver, 24K per tola: Rs. 11,069 drop by Rs. 1,106
- Silver, 24K per 10 grams: Rs. 9,489 drop by Rs. 949
Gold Rate in Pakistan – Gold Price Today Live Updates
Silver Prices in Pakistan – January 30, 2026
Silver was hit even harder in percentage terms, crashing by Rs. 1,106 per tola to Rs. 11,069, reflecting its higher volatility during sharp downturns.
The trigger was a seismic sell-off in international markets. The global gold price per ounce crashed by a staggering $355 to $5,150, its largest single-dollar decline on record.
The today gold rate in Karachi demonstrates the extreme fragility and volatility that now defines the market.
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All rates, certified by the All Pakistan Sarafa Gems and Jewellers Association, are based on interbank exchange rates for purity 999 (24K).
Earlier to this, Karachi bullion market defied gravity for a second consecutive day on Thursday, as gold prices executed another astronomical leap, shattering the Rs 570,000 per tola barrier.
The today gold rate in Karachi for 24-karat gold surged by another mind-bending Rs 21,200, closing at an unfathomable Rs 572,862.
