Rates

Evening Update: Gold Prices in Pakistan – March 7, 2025

As the trading week concludes on March 7, 2025, gold prices in Pakistan have shown notable fluctuations, influenced by both domestic and international market dynamics. Below is a comprehensive overview of today’s closing gold rates, contributing factors, and insights into the trends observed throughout the day.


Today’s Closing Gold Rates in Pakistan

Gold PurityPrice per Tola (PKR)Price per 10 Grams (PKR)
24 Karat309,400265,025
22 Karat283,615242,890

Source: GOLD.pk

These rates are provided by the All Pakistan Sarafa Gems and Jewelers Association and reflect the latest market conditions.​


International Gold Market Overview

In the international market, gold prices have remained relatively stable, with spot gold trading at approximately $2,911.00 per ounce. This stability is attributed to uncertainties surrounding U.S. trade policies and investor anticipation of the U.S. non-farm payrolls data release. Over the week, gold has risen by 1.7%, reflecting its appeal as a safe-haven asset amid global economic uncertainties. ​reuters.com


Factors Influencing Gold Prices Today

Several key factors have contributed to the current gold prices in Pakistan:

  1. International Market Trends: Global gold prices have a direct impact on local rates. The current stability in international prices has helped maintain steady gold rates in Pakistan.​
  2. Currency Exchange Rates: Fluctuations in the Pakistani Rupee against the U.S. Dollar can influence local gold prices. A stable Rupee helps in maintaining consistent gold prices domestically.​
  3. Local Demand and Supply: Seasonal demand, especially during wedding seasons and festivals, can drive up gold prices in the local market.​

Comparison with Previous Day’s Prices

Compared to the previous day’s closing prices, today’s rates have shown slight fluctuations:​

Source: GOLD.pk


Forecast for the Coming Days

Analysts suggest that gold prices may continue to experience slight fluctuations in the coming days. Factors such as ongoing trade tensions, geopolitical developments, and currency exchange rate movements will play a crucial role in determining the direction of gold prices. Investors and traders are advised to stay informed about these factors and consult with financial experts before making investment decisions.​


Please note that gold prices are subject to rapid changes due to market volatility. Regularly check for the latest rates and seek professional advice when necessary.

For more detailed information and regular updates on gold prices, visit Daily Forex.

Hamza Shah

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