Pakistan’s bullion market recorded another decline on Tuesday, as gold prices extended their downward trend for the second consecutive day amid a further weakening in international markets.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola decreased by Rs. 2,100, settling at Rs. 477,862.
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Similarly, the rate of 24-karat gold per 10 grams dropped by Rs. 1,801 to Rs. 409,689, while 22-karat gold per 10 grams declined by Rs. 1,651, closing at Rs. 375,561.
Gold rates in Pakistan on Tuesday, May 5, 2026:
- Gold, 24K per tola: Rs. 477,862 (-2,100)
- Gold, 24K per 10 grams: Rs. 409,689 (-1,801)
- Gold, 22K per 10 grams: Rs. 375,561 (-1,651)
Meanwhile, international gold prices also recorded a further decline, falling by $21 to settle at $4,555 per ounce.
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Gold has now shed significant value over the past few sessions, reflecting a broader correction in global precious metals markets following the record highs witnessed earlier this year.
Market analysts suggest the ongoing decline is being driven by a strengthening US dollar and easing geopolitical tensions, which have reduced the appeal of gold as a safe-haven asset.
Investors are closely monitoring global economic indicators before making fresh moves in the precious metals market.
All rates are officially certified by the All Pakistan Sarafa Gems and Jewellers Association, based on interbank exchange rates for 999 purity (24K).
For daily updates visit our detailed Gold Price in Karachi page
