Gold prices in Pakistan opened today with stability near last week’s highs, as international gold markets continue to trade in a narrow range amid mixed global economic signals.
| Purity | Per Tola (11.67 g) | Per 10 Grams | Per Gram | Per Ounce |
|---|---|---|---|---|
| 24K Gold | PKR 422,500 | PKR 362,230 | PKR 36,223 | PKR 1,026,675 |
| 22K Gold | PKR 387,292 | PKR 332,044.17 | PKR 33,204 | PKR 941,119 |
| 21K Gold | PKR 369,688 | PKR 316,951.25 | PKR 31,695 | PKR 898,341 |
| 18K Gold | PKR 316,875 | PKR 271,672.5 | PKR 27,167 | PKR 770,006 |
📊 24K gold remained unchanged from the previous session, reflecting a calm start to the trading week after last week’s slight fluctuations.
🌍 Global Market Overview
- International gold prices edged higher on Monday, hovering around $4,040 per ounce, as traders anticipate key U.S. inflation data later this week.
- The U.S. dollar index weakened slightly, which helped lift gold’s appeal among global investors.
- Analysts at major commodity houses suggest that if inflation remains sticky, gold could see renewed momentum heading into mid-November.
- Meanwhile, central bank buying continues to underpin long-term strength in the global bullion market.
🇵🇰 Domestic Market Insights
- The Pakistani Rupee traded around PKR 282.65 per USD, showing limited movement in the interbank market and keeping imported bullion prices stable.
- Local gold demand remains firm, supported by ongoing wedding season purchases, though some retailers report a cautious approach from investors awaiting clearer direction in global trends.
- Major gold hubs such as Karachi and Lahore continue to see steady turnover, with dealers reporting balanced buying and selling activity.
💡 Market Sentiment & Outlook
- Buyers: Prices remain near key support levels, offering a decent opportunity for those looking to accumulate before a potential global upswing.
- Sellers/Investors: With rates still elevated, short-term sellers may find this week favourable for partial profit-taking.
- Analysts’ View: Gold’s near-term outlook remains neutral to bullish, with resistance expected near PKR 425,000 per tola and support around PKR 420,000.
🔍 What to Watch This Week
- U.S. CPI (Inflation) Data – A key trigger for gold’s global movement.
- USD/PKR Exchange Rate – Even minor currency shifts can impact local bullion rates.
- Local Demand Trends – Seasonal wedding purchases may sustain short-term price stability.
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