Gold edged higher again in Karachi on Sunday, with 24-karat gold trading at Rs437,500 per tola as the local bazaar continued to track last week’s sharp rally in international bullion prices.
The move follows a strong overnight rally in global markets on Friday, when spot gold jumped $61.10, or about 1.48%, to settle at $4,193.60 an ounce, according to Kitco’s live pricing data. Since international bullion markets do not trade over the weekend, that Friday close remained the reference price through Sunday, and Karachi’s rate trackers showed the local market inching up by roughly Rs1,000 per tola from Saturday’s Rs436,500 as dealers continued catching up to Friday’s move rather than reacting to any fresh overnight swing. The rally itself has been built largely on expectations that the US Federal Reserve will keep cutting interest rates through the rest of 2026, a theme that has repeatedly pushed bullion to fresh highs this year as investors favour a non-yielding safe haven. The Pakistani rupee held broadly steady against the US dollar in the interbank market over the same period, so the local gold move largely mirrored the international swing rather than being amplified or offset by a currency shift.
Silver’s local picture was murkier. International silver spot prices surged even harder than gold on Friday, touching $60.70 an ounce, up 2.77% on the day per Kitco, and that figure was still being quoted as the live international rate through Sunday. Karachi’s own rate trackers, however, disagreed on where the local 999-fine silver rate actually stood: Hamariweb’s tracker put it at Rs6,651 per tola, a touch below Saturday’s roughly Rs6,682, while UrduPoint’s tracker showed a higher Rs6,767 per tola, suggesting the local bazaar may finally be starting to catch up to the international spike. Readers should treat the silver figure in the table below as an approximate midpoint of these two live trackers rather than a single precise quote, since local dealer pricing for silver has been moving more unevenly than gold’s this week.
| Metal / Purity | Per Tola | Per 10 Grams |
|---|---|---|
| Gold 24K | Rs437,500 | Rs375,090 |
| Gold 22K | Rs401,150 | Rs343,833 |
| Gold 21K | Rs382,915 | Rs328,204 |
| Gold 18K | Rs328,213 | Rs281,318 |
| Silver (999 fine) | Rs6,710 (approx.) | Rs5,755 (approx.) |
| International Gold (Spot) | $4,193.60 per ounce | |
| International Silver (Spot) | $60.70 per ounce | |
Readers planning a purchase should treat the figures above as indicative citywide averages drawn from live Karachi Sarafa rate trackers — actual quotes from individual jewellers can vary by a few hundred rupees depending on the specific bazaar consulted, and can shift again once international markets reopen on Monday. For a look at how the rate moved into the weekend, see Saturday’s gold price update.
