Gold prices in Pakistan surged sharply today, reflecting strong gains in the global market after renewed demand for safe-haven assets. The precious metal continues to attract investors amid global economic uncertainty and fluctuating currency trends.
| Purity | Per Tola (11.67 g) | Per 10 Grams | Per Gram | Per Ounce |
|---|---|---|---|---|
| 24K Gold | PKR 431,000 | PKR 369,520 | PKR 36,952 | PKR 1,047,330 |
| 22K Gold | PKR 395,083 | PKR 338,726.67 | PKR 33,872.67 | PKR 960,052.5 |
| 21K Gold | PKR 377,125 | PKR 323,330 | PKR 32,333 | PKR 916,413.75 |
| 18K Gold | PKR 323,250 | PKR 277,140 | PKR 27,714 | PKR 785,497.5 |
💹 Compared to yesterday’s session, 24K gold jumped by PKR 8,500 per tola, showing strong bullish momentum driven by international price hikes and mild rupee weakness.
🌍 Global Market Overview
- International gold prices surged past $4,070 per ounce, hitting a multi-week high as investors sought refuge amid renewed global market volatility.
- The U.S. dollar index eased slightly, helping bullion strengthen further, while ongoing geopolitical tensions and mixed inflation data supported safe-haven buying.
- Analysts note that persistent inflation and uncertainty around central-bank policy decisions are key drivers sustaining gold’s upward rally.
- According to recent market data, global funds have shown renewed inflows into gold-backed ETFs, further tightening supply conditions.
🇵🇰 Domestic Market Insights
- The Pakistani Rupee weakened slightly against the U.S. Dollar, trading around PKR 283.20 per USD, adding upward pressure to domestic bullion prices.
- Demand in local markets remains robust as the wedding season continues, with jewellers reporting steady buying from both retail and investment clients.
- Dealers in Karachi, Lahore, and Peshawar noted higher premiums today due to increased spot market activity and limited physical supply.
- Investors are also viewing gold as a hedge against inflation and uncertain currency movements, boosting demand for coins and bullion bars.
💡 Market Sentiment & Outlook
- Buyers: With prices climbing fast, buyers may prefer waiting for short-term pullbacks before making large purchases.
- Sellers/Investors: The current rally presents an excellent opportunity for profit-taking for those holding gold bought at lower October levels.
- Analysts’ View: Momentum remains strongly bullish, with potential to test PKR 435,000 per tola if international gold sustains above $4,050.
🔍 Key Indicators to Watch
- USD/PKR movement – A continued rise above PKR 283 could keep local prices firm.
- Global inflation data – The upcoming U.S. CPI release will shape gold’s next move.
- Local retail demand – Sustained wedding season buying may support near-term stability.
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