KARACHI: The gold market in Karachi witnessed a significant decline on Thursday, April 2, 2026, as gold and silver prices dropped after weeks of high volatility. The decrease in prices has provided temporary relief to buyers and investors who were concerned about continuous record-high rates in the bullion market.
According to the All-Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold fell by Rs. 2,500 per tola, bringing the new rate to Rs. 501,500 per tola. Similarly, the price for 10 grams of 24K gold is now Rs. 429,960, reflecting the overall downward trend in the market.
The price of 22-karat gold, widely used in jewelry making across Pakistan, also declined and is currently being traded at Rs. 459,705 per tola. Meanwhile, 18-karat gold is now available at Rs. 376,125 per tola, making it slightly more accessible for consumers planning wedding purchases and investments.
In addition to gold, silver prices in Pakistan also experienced a decrease. The current rate of silver stands at Rs. 7,634 per tola, while 10 grams of silver is priced at Rs. 6,544. Despite the dip, silver remains a popular investment option, especially among middle-income buyers looking for affordable alternatives to gold.
Market experts attribute the gold price drop in Pakistan to a correction in the international bullion market. A stronger US Dollar and easing geopolitical tensions have contributed to the decline in global gold prices, directly impacting local rates.
Another key factor behind this is the relative stability of the Pakistani Rupee against the US Dollar. Since gold is largely imported, currency stability plays a vital role in determining domestic prices and preventing further spikes.
Despite the current drop, analysts warn that the gold market remains highly volatile. Prices are still significantly higher compared to earlier this year, and fluctuations may continue depending on global economic conditions.
For investors and buyers, the latest decrease offers a short-term opportunity, but experts recommend cautious decision-making as market trends remain unpredictable.
