Gold prices eased further in Pakistan’s bullion market on Sunday, with 24-karat gold slipping to around Rs430,000 per tola in Karachi’s sarafa bazaars, according to rates tracked by Sarafa.pk and PakGold.net. The move marks a third straight session of declines in the local market, even as international gold held broadly firm near $4,158 per ounce.
The local pullback comes after gold rallied earlier this month, with 24-karat rates easing from roughly Rs434,000 per tola on Friday to about Rs432,500 on Saturday, before sliding further to today’s level. Bullion dealers attribute the retreat mainly to profit-taking after the recent run-up, alongside a modest cooling in local jewellery demand, rather than any sharp move in the international market. Globally, spot gold has been hovering in a tight range as US Treasury yields eased following last week’s hotter-than-expected inflation data out of Washington, a trend that has kept traders cautious about the pace of further Federal Reserve rate cuts. For comparison, readers can check Saturday’s gold price update to see how the rate has moved over the past two days.
Silver also edged lower on the day, trading near Rs6,240 per tola in the local market. Here is today’s full rate breakdown:
| Metal / Karat | Per Tola | Per 10 Grams |
|---|---|---|
| Gold 24K | Rs 430,000 | Rs 368,662 |
| Gold 22K | Rs 394,167 | Rs 337,940 |
| Gold 21K | Rs 376,250 | Rs 322,579 |
| Gold 18K | Rs 322,500 | Rs 276,496 |
| Silver | Rs 6,240 | Rs 5,350 |
| International Gold | $4,158 per ounce | |
Gold and silver rates in Pakistan are revised daily by local sarafa associations based on the international bullion price, the dollar-rupee exchange rate, and import costs, so rates can vary slightly between cities and even between dealers within the same city. Buyers are advised to confirm the exact rate with their local jeweller before a transaction, since the figures above reflect the broad market average for Karachi and Rawalpindi-Islamabad.
