Gold prices in Pakistan opened Thursday unchanged, with 24-karat gold still quoted at Rs441,000 per tola in Karachi’s bullion market, the same level it settled at a day earlier.
The steady reading follows a gain in Wednesday’s session, when local gold climbed to Rs441,000 per tola by the evening close, according to rate data from Hamariweb, UrduPoint and Gold.pk — all of which cite the Karachi Sarafa Jewellers Association as their reference rate; see Wednesday’s gold price update for the prior day’s figures. That closing level has carried over into Thursday morning with no further move reported by those three trackers, plus a fourth, Pakbiz, which explicitly flagged its own quote as unchanged from the previous day.
Worth flagging for readers: two other rate pages, Sarafa.pk and Forex.pk, showed a noticeably lower price on Thursday morning — around Rs429,800 to Rs430,143 per tola, a gap of roughly Rs11,000 from the four-way consensus above. PakDaily could not find a market-side reason for a same-morning move of that size: international gold was essentially flat overnight and the rupee held steady against the dollar, so neither of the usual local drivers supports an almost 2.5 percent drop. Since the higher figure is corroborated by four independently-sourced trackers and lines up with the flat global and currency backdrop described below, this report uses Rs441,000 per tola as the day’s figure — but a reader who spotted the lower number elsewhere this morning should expect the Karachi market’s official opening rate, typically posted later in the day, to settle which one holds.
Internationally, spot gold traded near $4,150 an ounce, little changed on the day, as rising US Treasury yields — the 10-year near 5.3 percent and the 30-year near 5.64 percent — and hawkish remarks from Federal Reserve official Neel Kashkari kept pressure on the metal, according to a Mitrade/FXStreet market analysis. Softer-than-expected US inflation data, with the PCE index coming in at 3.4 percent against a forecast of 3.7 percent, offset some of that pressure by easing bets on a near-term Fed rate hike. On the currency side, the US dollar held flat against the rupee, with the interbank rate unchanged at Rs277.55, per Hamariweb — removing currency movement as a factor behind Thursday’s steady local price.
| Metal / Karat | Price per Tola | Price per 10 Grams |
|---|---|---|
| Gold 24K | Rs441,000 | Rs378,090 |
| Gold 22K | Rs404,250 | Rs346,583 |
| Gold 21K | Rs385,875 | Rs330,829 |
| Gold 18K | Rs330,750 | Rs283,568 |
| Silver | Rs6,780 | Rs5,813 |
| International Gold (per ounce, USD) | $4,150 | |
Rates for 22K, 21K and 18K gold above are derived from the 24K figure using standard purity ratios, since most rate trackers quote 24K and 22K directly without a full karat breakdown. Prices can vary slightly by city and jeweller, and the Karachi Sarafa Jewellers Association’s official notification, usually issued later in the morning, remains the authoritative local benchmark.
