Gold Price Today 3 June: Major Decline of Rs 8,600 Per Tola as Gold Market Weakens

Karachi, June 3: Gold prices in Pakistan recorded a significant decline on Tuesday, tracking weakness in the international bullion market amid ongoing geopolitical uncertainty and shifting investor sentiment linked to delayed Iran–US diplomatic developments.

According to the All Pakistan Sarafa Association, gold rates fell sharply across major local markets, including Karachi, following a notable drop in global prices.

Gold Price in Pakistan (3 June Update)

• The price of 24-karat gold per tola declined by Rs 8,600, bringing it down to Rs 467,762.
• The price of 10 grams of 24-karat gold also fell by Rs 7,373, settling at Rs 401,030.

Market data showed that the downward trend was broad-based and aligned with international price movements.

International Gold Market

In the global bullion market, gold prices dropped by $86 per ounce, with the rate falling to approximately $4,454 per ounce.

Analysts attribute the decline to fluctuations in global risk sentiment, particularly concerns surrounding geopolitical tensions in the Middle East and uncertainty over diplomatic progress between Iran and the United States.

Silver Prices Also Decline

Silver prices also witnessed a decline in the local market. The price of silver per tola decreased by Rs 259, reaching Rs 7,894.

Market Outlook

Market experts expect continued volatility in precious metal prices in the near term, driven by global political developments, currency fluctuations, and investor positioning in response to macroeconomic signals.

The bullion market remains sensitive to international news flow, with traders closely monitoring developments that may influence demand for safe-haven assets.