Gold prices in Pakistan opened higher today, extending their recent gains as global bullion markets continue to strengthen. Investors are showing renewed interest amid speculation that the U.S. Federal Reserve could pivot to rate cuts earlier than expected in 2026.
| Purity | Per Tola (11.67 g) | Per 10 Grams | Per Gram | Per Ounce |
|---|---|---|---|---|
| 24K Gold | PKR 444,000 | PKR 380,660 | PKR 38,066 | PKR 1,078,920 |
| 22K Gold | PKR 407,000 | PKR 348,938.33 | PKR 34,893.83 | PKR 989,010 |
| 21K Gold | PKR 388,500 | PKR 333,077.5 | PKR 33,307.75 | PKR 944,055 |
| 18K Gold | PKR 333,000 | PKR 285,495 | PKR 28,549.5 | PKR 809,190 |
💹 24K gold rose by PKR 2,500 per tola compared to the previous session, marking another strong day for bullion in the domestic market.
🌍 Global Market Overview
- Spot gold in the international market is hovering near $4,085 per ounce, the highest in nearly two weeks, driven by stronger investor confidence and falling bond yields.
- The U.S. dollar index weakened further, providing additional support to gold’s rally as it becomes more affordable for non-dollar investors.
- Analysts attribute this rise to growing expectations of U.S. rate cuts in early 2026, combined with persistent inflationary pressures and geopolitical uncertainty.
- Central banks remain net buyers of gold, reinforcing the long-term bullish outlook for the precious metal.
🇵🇰 Domestic Market Insights
- The Pakistani Rupee remained stable around PKR 283.40 per USD, allowing domestic gold prices to track global gains closely.
- Retail jewellers in major markets such as Karachi, Lahore, and Islamabad report consistent wedding-season demand, keeping volumes healthy despite higher prices.
- Investment demand is also steady, as gold remains a preferred hedge against inflation and rupee depreciation.
- Local dealers noted tight supply in the wholesale bullion market, supporting higher premiums and firm retail rates.
💡 Market Sentiment & Forecast
- Buyers: Gold prices are climbing steadily, and further gains are possible. Buyers may choose to act now before prices move higher.
- Sellers/Investors: Those who purchased at earlier rates are sitting on strong profits; however, many are holding as the market remains bullish.
- Analysts’ View: The short-term outlook is bullish, with potential resistance near PKR 447,000 per tola. Support is expected around PKR 441,000, as global momentum remains positive.
🔍 Key Factors to Watch
- USD/PKR movement – any weakness in the rupee could push domestic rates higher.
- U.S. economic data – particularly inflation and GDP growth figures expected later this week.
- Local demand – steady jewellery and investment purchases are expected through December.
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