The Karachi bullion market was hit by a severe sell-off on Friday, with gold and silver prices experiencing one of their sharpest single-day declines across Pakistan.
The today gold rate in Karachi for 24-karat gold plummeted by a massive Rs. 21,400, closing at Rs. 507,762.
This dramatic fall erases most of the gains made earlier in the week and signals a return of intense selling pressure.
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The scale of the drop points to a potential market capitulation or a major liquidity event, triggering a broad-based precious metals sell-off.
Gold Rate in Karachi for Friday, February 6, 2026:
Gold, 24K per tola: Rs. 507,762 down by Rs. 21,400
Gold, 24K per 10 grams: Rs. 435,324 down by Rs. 18,347
Gold, 22K per 10 grams: Rs. 399,061 down by Rs. 16,819
Silver, 24K per tola: Rs. 7,825 down by Rs. 1,430
Silver, 24K per 10 grams: Rs. 6,708 down by Rs. 1,226
Silver Rates in Karachi for Friday, February 6, 2026:
Silver was devastated, crashing by Rs. 1,430 per tola to Rs. 7,825 – a decline of over 15 percent in a single day. This highlights silver’s extreme volatility during periods of market stress.
The international gold price per ounce crashed by $214 to $4,850, while silver plummeted by $14.30 to $73.50.
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This global precious metals crash suggests a powerful wave of risk-off sentiment, possibly triggered by a sharp rebound in the US dollar, rising interest rates, or forced liquidations in other markets spilling over.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
The Karachi bullion market continued its relentless ascent on Wednesday, Feb 04, with gold prices powering higher for a second consecutive day. The today gold rate in Karachi for 24-karat gold surged by another Rs. 14,800, closing at Rs. 529,162.
This sustained rally, adding a total of Rs. 38,800 over two days, demonstrates that the recent recovery is gaining formidable momentum.
