Pakistan’s bullion market recorded a devastating session on Saturday, as gold prices collapsed across all categories in one of the most dramatic single-session declines witnessed in recent memory, with domestic rates tumbling sharply.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola plunged by Rs. 12,489, settling at Rs. 455,327.
Visit Times of Karachi website for the latest news-related content
Similarly, the rate of 24-karat gold per 10 grams crashed by Rs. 11,240, closing at Rs. 389,772, while 22-karat gold per 10 grams also tumbled by Rs. 10,181 to settle at Rs. 357,443.
Gold rates in Pakistan on Saturday, June 6, 2026:
- Gold, 24K per tola: Rs. 455,327 (-12,489)
- Gold, 24K per 10 grams: Rs. 389,772 (-11,240)
- Gold, 22K per 10 grams: Rs. 357,443 (-10,181)
Meanwhile, international gold prices also witnessed a massive collapse, plunging by $124.890 to settle at $4,328.920 per ounce.
The sharp drop in global bullion markets was swiftly reflected in domestic prices, as traders and investors adopted an extremely cautious approach amid the broad market sell-off.
A Week of Relentless Pressure
Saturday’s devastating decline comes at the end of an already painful week for gold prices in Pakistan. Friday, June 5, had seen gold slip by Rs. 1,469 per tola to settle at Rs. 467,816, as the brief recovery recorded on Thursday proved short-lived and selling pressure returned heading into the weekend.
READ: Gold slips again in Pakistan as brief recovery fades
Thursday, June 4, had offered a temporary respite, with gold recovering modestly by Rs. 1,523 per tola to settle at Rs. 469,285, as cautious buyers returned to the market following Wednesday’s steep decline.
Wednesday, June 3, had already been the most damaging session of the previous week, when gold prices had plunged by Rs. 8,600 per tola to settle at Rs. 467,762, marking one of the steepest single-session drops recorded in recent weeks at that time.
Saturday’s collapse of Rs. 12,489 per tola has now significantly surpassed Wednesday’s losses, pushing domestic gold prices well below the Rs. 460,000 mark and to their lowest level in several weeks, representing a dramatic and swift reversal from the highs recorded just days earlier.
A Significant Pullback from Recent Highs
Saturday’s collapse marks a significant departure from the broadly elevated levels at which gold prices had been trading in recent weeks. The metal had been on a significant 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.
Follow the Times of Karachi channel on WhatsApp
The current price of Rs. 455,327 per tola represents a sharp pullback from recent highs and pushes gold prices to their lowest point in several weeks. The scale of Saturday’s single-session drop is a stark reminder of the extreme volatility that can grip precious metals markets when global selling pressure intensifies.
Market watchers will be closely monitoring international developments heading into the new trading week to assess whether Saturday’s dramatic collapse represents a temporary and sharp correction or signals the beginning of a more sustained and prolonged period of weakness in global and domestic gold markets.
With global economic uncertainty continuing to shape investor sentiment, gold remains a closely watched and highly sensitive 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
