Gold prices in Pakistan opened today with stability after a brief period of fluctuations. The market remains steady as traders await fresh international economic cues, while local demand continues to hold strong.
| Purity | Per Tola (11.67 g) | Per 10 Grams | Per Gram | Per Ounce |
|---|---|---|---|---|
| 24K Gold | PKR 437,000 | PKR 374,660 | PKR 37,466 | PKR 1,061,910 |
| 22K Gold | PKR 400,583 | PKR 343,438.33 | PKR 34,343.83 | PKR 973,417.5 |
| 21K Gold | PKR 382,375 | PKR 327,827.5 | PKR 32,782.75 | PKR 929,171.25 |
| 18K Gold | PKR 327,750 | PKR 280,995 | PKR 28,099.5 | PKR 796,432.5 |
💹 24K gold held firm at PKR 437,000 per tola, showing little change from the previous session. This stability suggests a pause in market volatility following last week’s corrective moves.
🌍 Global Market Overview
- International gold prices are hovering around $4,050 per ounce, showing mild weakness amid a stronger U.S. dollar and improving risk sentiment in global equity markets.
- Traders are focusing on upcoming U.S. inflation and interest-rate outlook updates, which could influence gold’s next move.
- Despite the short-term cooling, analysts note that long-term fundamentals remain supportive, thanks to sustained central-bank purchases and persistent inflation in several economies.
- The Federal Reserve’s cautious stance on rate cuts continues to underpin demand for safe-haven assets like gold.
🇵🇰 Domestic Market Insights
- The Pakistani Rupee traded around PKR 283.20 per USD, with limited volatility. A stable exchange rate has helped moderate domestic gold price swings.
- Local jewellers in Karachi, Lahore, and Rawalpindi report steady retail demand, especially for wedding-related purchases.
- Dealers indicate that investor sentiment remains positive, with many viewing gold as a hedge against inflation and currency depreciation risks.
- Some bullion traders expect renewed buying momentum if global prices rise again later this week.
💡 Market Sentiment & Outlook
- Buyers: Stable prices offer a good entry window for long-term investors or wedding buyers seeking price certainty before potential year-end rallies.
- Sellers/Investors: While prices remain attractive for liquidation, patience may reward holders if global trends turn bullish again.
- Analysts’ View: The outlook remains cautiously bullish. Support lies near PKR 435,000 per tola, while resistance sits close to PKR 442,000. A move beyond either boundary will define the next direction.
🔍 Key Indicators to Watch
- USD/PKR movement – pivotal for local pricing.
- U.S. economic data – especially CPI and employment reports.
- Local jewellery demand – sustained strength could keep domestic prices firm.
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