Gold prices in Pakistan opened today with slight stability after recent volatility in the international market. The domestic bullion market continues to reflect global uncertainty and exchange-rate pressures, keeping gold near record highs.
| Purity | Per Tola (11.67 g) | Per 10 Grams | Per Gram | Per Ounce |
|---|---|---|---|---|
| 24K Gold | PKR 429,800 | PKR 368,490 | PKR 36,849 | PKR 1,044,414 |
| 22K Gold | PKR 393,983 | PKR 337,783 | PKR 33,778 | PKR 957,379 |
| 21K Gold | PKR 376,075 | PKR 322,429 | PKR 32,243 | PKR 913,862 |
| 18K Gold | PKR 322,350 | PKR 276,368 | PKR 27,637 | PKR 783,311 |
📊 These rates represent the Karachi Sarafa Association’s opening averages and indicate that 24K gold has inched higher by about PKR 4,000 per tola compared with the previous session.
🌍 Global Market Overview
Globally, gold prices are holding steady near $3,980 per ounce, supported by:
- Ongoing Middle-East and trade tensions, prompting safe-haven flows.
- Rate-cut expectations from the U.S. Federal Reserve that are keeping long-term yields subdued.
- A modestly weaker U.S. dollar, which typically benefits non-dollar assets like gold.
However, analysts warn that short-term corrections remain possible if inflation data surprises to the upside or if global risk sentiment improves.
🇵🇰 Domestic Market & Currency Impact
In Pakistan, the gold market’s behaviour mirrors the global trend but remains highly sensitive to the USD/PKR exchange rate.
- The rupee traded around PKR 282.60 per USD in inter-bank dealings this week, a level that keeps imported bullion expensive.
- Domestic demand is gradually rising again as wedding season approaches, helping maintain strong retail interest.
- Premiums charged by jewellers remain stable, suggesting balanced supply conditions for now.
💡 Market Outlook
- Buyers: Those seeking entry may consider waiting for brief intraday dips or exchange-rate pullbacks before purchasing.
- Sellers/Investors: Elevated levels continue to provide profitable exit points, but monitor international cues for reversal signals.
- Analysts’ View: Gold’s medium-term bias stays bullish unless the rupee strengthens sharply or global risk appetite rebounds.
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