Gold prices in Pakistan eased further on Wednesday morning, with 24-karat gold changing hands at around Rs431,600 per tola in the Karachi bullion market, according to live rate tracker Sarafa.pk — extending the sharp pullback that has knocked the metal down from last week’s record highs above Rs450,000 per tola.
The figure comes with a caveat worth flagging upfront. As of early Wednesday, several other rate-tracking sites — including Urdupoint and Gold.pk — were still displaying Tuesday’s closing rate of roughly Rs439,000–439,500 per tola, not yet updated for the new trading day. A separate live calculator, Goldpricez.com, converted the latest international spot price to about Rs434,200 per tola at the same time, within half a percent of the Sarafa.pk figure and pointing the same way — further down. Readers should treat Wednesday’s local rate as still settling through the morning session; the numbers below reflect the most current cross-checked reading available at publication time and may be revised later in the day as the Karachi Sarafa market posts its official rate.
| Metal / Karat | Rate per Tola (Rs) | Rate per 10 Grams (Rs) |
|---|---|---|
| Gold 24K | 431,600 | 370,034 |
| Gold 22K | 395,633 | 339,198 |
| Gold 21K | 377,650 | 323,779 |
| Gold 18K | 323,700 | 277,525 |
| Silver (per tola / 10g) | 6,625 | 5,680 |
| International Gold (per ounce, USD) | $4,168.71 | |
The 22K, 21K and 18K figures above are derived from the 24K rate using the standard purity ratios, since local dealers quote 24K directly. Silver was trading at Rs6,625 per tola and Rs5,680 per 10 grams, per rate tracker Goldz.pk, a modest decline from Tuesday’s roughly Rs6,672–6,752 range reported across sources — broadly tracking gold’s own softer tone rather than moving on any silver-specific news.
Internationally, spot gold was quoted at $4,168.71 an ounce, down $13.40 or about 0.3% on the day, according to Trading Economics, holding just above the seven-week low touched earlier this week. The metal remains under pressure from climbing US Treasury yields, with the 30-year bond yield pushing as high as 5.62% — its highest level since June 2002 — alongside hawkish signals from Federal Reserve officials.
New York Fed President John Williams said this week that another interest rate increase “late this year” could still be appropriate, a comment that has firmed up expectations of tighter US monetary policy and dampened demand for non-yielding assets such as gold.
A stronger US dollar that typically accompanies such rate-hike bets has made gold costlier for buyers holding other currencies, adding further downward pressure internationally. Locally, the US dollar held steady against the rupee at Wednesday’s interbank rate of Rs277.55, unchanged from Tuesday, according to Hamariweb — meaning currency movement was not a factor behind Wednesday’s local price change, unlike on some previous days when a weaker or stronger rupee amplified or offset the international trend. That leaves the size of Wednesday’s local drop only partly explained by the modest overnight move in dollar terms, suggesting the Karachi market may still be catching up with Tuesday evening’s steeper global slide rather than reacting to fresh news of its own. Some support for gold came from softer oil prices during the session, which eased broader inflation concerns even as bond yields stayed elevated.
This follows Tuesday’s gold price update, when 24K had settled at around Rs439,500 per tola after an earlier sharp fall in the price earlier in the week.
