Gold prices in Pakistan opened steady today after recent gains, reflecting a balanced tone in global and local markets. Despite the firm international trend, local buying remains moderate as traders await further clarity on the U.S. dollar and inflation data.
| Purity | Per Tola (11.67 g) | Per 10 Grams | Per Gram | Per Ounce |
|---|---|---|---|---|
| 24K Gold | PKR 441,500 | PKR 378,520 | PKR 37,852 | PKR 1,072,845 |
| 22K Gold | PKR 404,708 | PKR 346,976 | PKR 34,697 | PKR 983,441 |
| 21K Gold | PKR 386,313 | PKR 331,205 | PKR 33,120 | PKR 938,739 |
| 18K Gold | PKR 331,125 | PKR 283,890 | PKR 28,389 | PKR 804,633 |
💰 24K gold remained unchanged at PKR 441,500 per tola, maintaining the same level as the previous session. The price stability suggests a brief consolidation phase after earlier upward momentum.
🌍 Global Market Overview
- Internationally, gold traded around $4,070 per ounce, supported by speculation that the U.S. Federal Reserve could ease monetary policy sooner than expected.
- The U.S. dollar index softened slightly, lending support to bullion prices as investors shifted back toward safe-haven assets.
- Analysts note that even modest expectations of rate cuts are enough to keep gold well-bid near multi-month highs.
- The next key resistance lies at $4,100, while short-term support is near $4,050.
🇵🇰 Domestic Market Highlights
- The Pakistani Rupee traded stably around PKR 283.55 per USD, minimizing import cost pressures on bullion.
- Retail buying continues at a healthy pace in Karachi and Lahore, driven by the ongoing wedding season.
- Jewellers report steady volumes and limited volatility across major gold hubs, with premiums remaining within typical seasonal ranges.
- Investment demand is consistent, with traders viewing gold as a safe asset amid global economic uncertainty.
💡 Market Sentiment & Outlook
- Buyers: Stable prices present a chance to accumulate before potential year-end rallies.
- Sellers/Investors: The current level offers partial profit-taking opportunities, especially after last week’s price strength.
- Analysts’ View: Trend remains bullish to neutral, with strong support near PKR 438,000 per tola and resistance close to PKR 444,000.
A break above resistance could lift the market toward PKR 448,000 in the short term.
🔍 Key Indicators to Watch
- USD/PKR exchange rate – stable performance may continue to cap volatility.
- U.S. inflation and interest-rate signals – any dovish Fed commentary could push gold higher.
- Local demand cycle – wedding-season activity remains the key domestic driver through early December.
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