Pakistan’s bullion market recorded a sharp and painful decline on Tuesday, with gold prices tumbling across all categories just a day after Monday’s encouraging recovery, pushing domestic rates below Rs. 435,000 and wiping out the gains made last week.
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According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola fell by Rs. 10,400, settling at Rs. 432,236.
Gold rates in Pakistan on Tuesday, June 23, 2026:
- Gold, 24K per tola: Rs. 432,236 (-10,400)
- Gold, 24K per 10 grams: Rs. 368,985 (-9,360)
- Gold, 22K per 10 grams: Rs. 338,575 (-8,508)
International gold prices also fell sharply, dropping by $104 to settle at $4,098 per ounce, reversing the previous session’s gains and pulling global rates below the $4,100 level.
The steep decline in international gold rates was closely mirrored in domestic pricing, with prices falling across all categories throughout Tuesday’s session.
Monday’s recovery had offered hope that the market was finding its footing after last week’s turbulence, but Tuesday’s sharp fall has quickly dashed those expectations.
Monday’s Recovery Proves Short-Lived
Tuesday’s steep decline follows Monday’s gain of Rs. 4,643 per tola, which had pushed domestic gold prices back above the key Rs. 440,000 mark after two subdued weekend sessions.
READ: Gold prices crash Rs. 14,900 in Pakistan, fall below Rs. 440,000 mark
That recovery had appeared to signal a degree of stabilization, before which Friday alone saw prices drop by Rs. 14,900 per tola.
However, Tuesday’s fall of Rs. 10,400 per tola has reversed Monday’s gains more than twice over, pushing prices not only back below the Rs. 440,000 mark but further down.
The broader picture that emerges from the past two weeks is one of extreme volatility, with sharp falls and brief recoveries following each other in quick succession without any clear and sustained direction.
Falling Below Rs. 435,000
At Rs. 432,236 per tola, domestic gold prices have now fallen to their lowest levels in several weeks, sitting well below the key Rs. 440,000 mark and raising fresh questions about the market’s near-term direction.
The inability to hold above that level even briefly after Monday’s recovery underlines how uncertain the current environment remains.
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Internationally, gold at $4,098 per ounce has now fallen below the psychologically important $4,100 level, adding to the cautious mood surrounding the metal in global markets.
Market Direction Remains Deeply Uncertain
Gold continues to be shaped by a rapidly shifting mix of global economic indicators, currency movements, and investor sentiment.
Tuesday’s sharp decline, coming just a day after a meaningful recovery, highlights how unpredictable conditions in the market remain at this stage.
Market participants will be watching closely whether Tuesday’s fall leads to further weakness in the sessions ahead or whether the market once again finds support and attempts another recovery.
With global uncertainty still a dominant factor, gold remains one of the most closely watched and volatile assets 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
