Gold and Silver Rate Today in Pakistan- April 2, 2026

KARACHI – The local gold market experienced a notable correction today, Thursday, April 2, 2026, as prices for gold and silver a significant decrease following a period of high volatility. This downward trend provides a brief window of relief for domestic buyers and investors who have been closely monitoring the record-breaking highs of the past month.

Current Gold Prices in Pakistan

According to data released by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold decreased by approximately Rs. 2,500 per tola. The new rate for 24K gold stands at Rs. 501,500 per tola.

For those looking at smaller denominations, the price for 10 grams of 24-karat gold is now quoted at Rs. 429,960.

The 22-karat gold, which is most commonly used for jewelry manufacturing in Pakistan, also saw a proportional decline. The current rate for 22K gold is Rs. 459,705 per tola. Meanwhile, the price for 18-karat gold has shifted to Rs. 376,125 per tola.

Silver Rates Today

While gold often takes the spotlight, the silver market also registered a dip today. The price of silver in Pakistan decreased to Rs. 7,634 per tola. For investors opting for 10 grams of silver, the current market rate is Rs. 6,544. Despite this daily dip, silver remains a popular “poor man’s gold” in the local market, serving as a more accessible entry point for middle-class investors looking to hedge against inflation.

Factors Driving the Price Change

Market analysts attribute today’s slump to several converging factors. Primarily, the local market followed a downward correction in the international bullion market. As global spot prices eased due to shifts in geopolitical sentiments and a strengthening US dollar, the impact was immediately felt in the Karachi Sarafa Market.

Locally, the stability of the Pakistani Rupee (PKR) against the US Dollar played a crucial role. Since gold is an imported commodity, any slight appreciation or stability in the local currency helps keep domestic prices from spiraling further.

The recent “Gold Slump” comes after a bullish run where prices nearly touched historic peaks. For retail buyers planning weddings or seasonal purchases, today’s drop is a welcomed development. However, financial experts advise caution. The market remains “Highly Volatile,” and current prices are still significantly higher than the rates seen at the start of the year.