Gold prices in Pakistan remained largely unchanged on Monday, reflecting a quiet start to the week in the global bullion market. Investors and jewellers are observing a consolidation phase as international gold steadies after recent fluctuations.
| Purity | Per Tola (11.67 g) | Per 10 Grams | Per Gram | Per Ounce |
|---|---|---|---|---|
| 24K Gold | PKR 437,600 | PKR 375,180 | PKR 37,518 | PKR 1,063,368 |
| 22K Gold | PKR 401,133 | PKR 343,915 | PKR 34,391.5 | PKR 974,754 |
| 21K Gold | PKR 382,900 | PKR 328,282.5 | PKR 32,828.25 | PKR 930,447 |
| 18K Gold | PKR 328,200 | PKR 281,385 | PKR 28,138.5 | PKR 797,526 |
💰 24K gold closed flat at PKR 437,600 per tola, holding firm as buyers and traders await clearer global direction.
🌍 Global Market Overview
- Internationally, gold prices hovered around $4,035 per ounce, marking a relatively calm trading session after a volatile previous week.
- The U.S. dollar strengthened slightly, keeping gold in check, while geopolitical concerns in Europe and the Middle East continue to offer underlying support.
- Analysts note that central bank gold buying and inflation resilience remain long-term bullish factors, though short-term movement depends on upcoming U.S. economic data.
- Investors are now watching for Federal Reserve meeting minutes, expected later this week, which could indicate the timing of future rate cuts.
🇵🇰 Domestic Market Insights
- The Pakistani Rupee maintained stability around PKR 283.40 per USD, keeping gold prices in check for the second consecutive day.
- Retail activity remains steady across major cities, particularly Karachi, Lahore, and Islamabad, where wedding-season buying continues to support local demand.
- Some jewellers report light trading volume, citing buyer hesitation amid elevated prices and hopes for a short-term dip.
- Investors continue to view gold as a hedge against inflation and rupee weakness, sustaining consistent background demand.
💡 Market Sentiment & Forecast
- Buyers: Stable rates may appeal to those planning long-term purchases before potential global rate movements.
- Sellers/Investors: Current price levels are favourable for partial profit-taking, especially if international prices rebound later this week.
- Analysts’ View: The near-term outlook remains neutral, with support around PKR 435,000 per tola and resistance near PKR 440,000. If global gold surpasses $4,050, a renewed local rally could follow.
🔍 Key Market Factors to Watch
- U.S. inflation & Fed commentary – potential to trigger mid-week volatility.
- USD/PKR trend – stability will help keep domestic rates steady.
- Local demand cycle – continued wedding-related buying likely to limit downside risk.
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