Evening Update: Gold Prices in Pakistan – March 8, 2025

As of the close of trading on March 8, 2025, gold prices in Pakistan have experienced a slight decrease, reflecting both domestic and international market dynamics. Below is a detailed overview of the current rates and contributing factors.

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Today’s Closing Gold Rates in Pakistan

Gold Purity	Price per Tola (PKR)	Price per 10 Grams (PKR)
24 Karat	306,000	262,345
22 Karat	280,500	240,500

Source: The Express Tribune

These rates are provided by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) and reflect the latest market conditions.​

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International Gold Market Overview

In the international market, gold prices have seen a slight decrease. The price of gold per ounce decreased by $11, settling at $2,910. This decline is attributed to shifts in global economic indicators and investor sentiment. Despite this decrease, gold continues to be viewed as a safe-haven asset, especially during times of economic uncertainty.​

Source: Samaa TV

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Factors Influencing Gold Prices Today

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

1. International Market Trends: The decrease in global gold prices has a direct impact on local rates. The current decline is partly due to positive economic data from major economies, reducing the demand for safe-haven assets like gold.​
2. Currency Exchange Rates: Fluctuations in the Pakistani Rupee against the U.S. Dollar can influence local gold prices. A strengthening Rupee makes gold less expensive domestically, contributing to the observed price decrease.​
3. Local Demand and Supply: Seasonal factors and consumer demand, especially during wedding seasons and festivals, can drive up gold prices in the local market. Currently, a lull in demand has contributed to the price decrease.​

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Comparison with Previous Day’s Prices

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

• 24 Karat Gold:
  • Price per Tola: Decreased by PKR 1,000, from PKR 307,000 to PKR 306,000.​
  • Price per 10 Grams: Decreased by PKR 858, from PKR 263,203 to PKR 262,345.​
• 22 Karat Gold:
  • Price per Tola: Decreased proportionally.​
  • Price per 10 Grams: Decreased proportionally.​

Source: ARY News

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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.​

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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.