The Pakistan bullion market suffered a severe blow, with gold prices plummeting below the Rs. 486,000 level. The today gold rate in Karachi for 24-karat gold collapsed by Rs. 8,900, closing at Rs. 485,062.
This dramatic decline represents one of the largest single-day drops in recent months and pushes prices to their lowest level since January.
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The relentless selling reflects intense bearish momentum as investors continue to exit precious metals positions.
Gold Rates in Karachi on Tuesday, April 28, 2026:
- Gold, 24K per tola: Rs. 485,062 down by Rs. 8,900
- Gold, 24K per 10 grams: Rs. 415,862 down by Rs. 7,630
- Gold, 22K per 10 grams: Rs. 381,220 down by Rs. 6,995
The crash was triggered by a massive global sell-off. The international gold price per ounce plunged by $89 to $4,627. This global market meltdown provided the primary catalyst for panic selling in the local market.
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The today gold rate in Karachi reflects a market in freefall, with prices having now dropped over Rs. 78,000 from the all-time highs above Rs. 563,000 reached in early March.
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
