Gold prices in Pakistan opened slightly higher today, maintaining the bullish tone from earlier this week. The market continues to reflect strength in international prices and steady local demand during the ongoing wedding season.
| Purity | Per Tola (11.67 g) | Per 10 Grams | Per Gram | Per Ounce |
|---|---|---|---|---|
| 24K Gold | PKR 422,500 | PKR 362,230 | PKR 36,223 | PKR 1,026,675 |
| 22K Gold | PKR 387,292 | PKR 332,044.17 | PKR 33,204 | PKR 941,119 |
| 21K Gold | PKR 369,688 | PKR 316,951.25 | PKR 31,695 | PKR 898,341 |
| 18K Gold | PKR 316,875 | PKR 271,672.5 | PKR 27,167 | PKR 770,006 |
💹 24K gold gained around PKR 1,000 per tola from the previous session, as global prices hovered near the upper end of their weekly range.
🌍 Global Market Overview
- International gold prices are trading around $4,020 per ounce, supported by a modest decline in U.S. Treasury yields and weaker dollar performance.
- Ongoing geopolitical uncertainty and expectations of a gradual shift in monetary policy have sustained investor interest in bullion.
- Commodity strategists note that gold is consolidating above the $4,000 mark, with limited downside risk unless global inflation data surprises to the upside.
- Central bank buying remains a strong structural support for gold prices in 2025, particularly across Asia and the Middle East.
🇵🇰 Domestic Market Insights
- The Pakistani Rupee continues to trade steadily near PKR 282.75 per USD, limiting major price swings in the local bullion market.
- Local demand remains healthy, especially from jewellery buyers preparing for winter weddings. Retailers report that investment-grade gold bars are also seeing renewed interest after recent consolidation.
- Import costs remain relatively high due to international premiums and shipping constraints, keeping domestic rates firm despite stable currency conditions.
💡 Market Sentiment & Outlook
- Buyers: With steady rates and no sharp uptrend, short-term buyers might find today a reasonable entry point for jewellery or small holdings.
- Sellers/Investors: Elevated levels provide profit-taking opportunities, particularly for traders who entered before mid-October’s surge.
- Analysts’ View: The broader outlook for gold remains bullish, with resistance seen near PKR 425,000 per tola and short-term support at PKR 420,000.
🔍 What to Watch Today
- USD/PKR exchange rate – A key determinant of daily gold adjustments.
- Global inflation data releases – Could influence the U.S. Federal Reserve’s tone and drive international bullion trends.
- Local jewellery demand – Continuous retail buying through mid-November is expected to keep prices elevated.
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