The Karachi bullion market continued its downward slide on Monday, with gold prices extending losses from last week’s dramatic crash. The today gold rate in Karachi for 24-karat gold fell by Rs. 6,500, closing at Rs. 533,362.
This marks another significant decline, bringing the total losses over the past two sessions to over Rs. 16,000 per tola.
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The persistent selling pressure suggests a continued market correction as the euphoria of last week’s record highs gives way to profit-taking and caution.
Gold Rates in Karachi for Monday, March 9, 2026:
Gold, 24K per tola: Rs. 533,362 down by Rs. 6,500
Gold, 24K per 10 grams: Rs. 457,271 down by Rs. 5,573
Gold, 22K per 10 grams: Rs. 419,180 down by Rs. 5,109
The sell-off was driven by continued weakness in global markets. The international gold price per ounce fell by $65 to $5,106. This global market weakness continues to exert downward pressure on local prices.
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The today gold rate in Karachi reflects a market that is undergoing a significant correction after the explosive rally that pushed prices above Rs. 563,000.
The decline below Rs. 533,000 represents a drop of over Rs. 30,000 from the peak, highlighting the extreme volatility that now characterizes the precious metals market.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for purity 999 (24K).
For daily updates visit our detailed Gold Price in Karachi page
