Pakistan’s bullion market recorded a downward session on Friday, as gold prices slipped across all categories, reversing the modest recovery recorded in the previous session as selling pressure returned to the market heading into the weekend.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola decreased by Rs. 1,469, settling at Rs. 467,816.
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Similarly, the rate of 24-karat gold per 10 grams fell by Rs. 1,323, closing at Rs. 401,012, while 22-karat gold per 10 grams also slipped by Rs. 1,197 to settle at Rs. 367,624.
Gold rates in Pakistan on Friday, June 5, 2026:
- Gold, 24K per tola: Rs. 467,816 (-1,469)
- Gold, 24K per 10 grams: Rs. 401,012 (-1,323)
- Gold, 22K per 10 grams: Rs. 367,624 (-1,197)
Meanwhile, international gold prices also recorded a further decline, falling by $14.689 to settle at $4,453.810 per ounce as global markets continued to face selling pressure heading into the weekend.
The return of selling pressure in global bullion markets was swiftly reflected in domestic prices, as traders and investors adopted a cautious approach once again. With fresh buying interest failing to sustain momentum from the previous session, gold prices gave back their Thursday gains and slipped across all categories throughout the day.
A Volatile Week for Gold
Friday’s decline caps off a highly volatile week for gold prices in Pakistan. Thursday, June 4, had offered a brief respite, with gold recovering by Rs. 1,523 per tola to settle at Rs. 469,285, as buyers had returned cautiously to the market following Wednesday’s steep losses. However, that recovery proved short-lived as selling pressure resumed on Friday.
READ: Gold edges higher in Pakistan as bullion market stages partial recovery after sharp losses
Wednesday, June 3, had been the most damaging session of the week, when gold prices had plunged by a steep Rs. 8,600 per tola to settle at Rs. 467,762, marking one of the steepest single-session drops recorded in recent weeks. International gold had also fallen heavily by $86 to settle at $4,454 per ounce on that day.
Prior to Wednesday’s steep decline, gold had staged a powerful recovery on Tuesday, June 2, surging by Rs. 4,600 per tola to settle at Rs. 476,362 as international markets rebounded strongly. The week as a whole was characterised by sharp swings in both directions, reflecting the broader uncertainty gripping global precious metals markets.
Friday’s decline pushes domestic gold prices back toward the lows recorded on Wednesday, with prices now firmly below the Rs. 470,000 mark and well off the highs recorded earlier in the week.
Still Below Recent Highs
Despite Thursday’s brief recovery, gold prices in Pakistan remain well below the levels recorded earlier in the week and continue to trade significantly below all-time highs. The metal has been on a broadly upward trajectory over the past year, with domestic prices repeatedly reaching record highs in line with surging international rates driven by global economic uncertainty and geopolitical tensions.
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The continued volatility in gold markets, with sharp swings in both directions over consecutive sessions, is a reminder of the uncertain global environment that continues to drive investor behaviour in precious metals markets. Market watchers will be closely monitoring international developments over the weekend and into next week to assess whether the current period of weakness represents a temporary correction or a more sustained pullback.
With global economic uncertainty continuing to shape investor sentiment, gold remains a closely watched asset in both domestic and international markets.
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
