Gold prices in Pakistan opened the day slightly lower, marking a mild correction after several sessions of consistent gains. The dip mirrors global market adjustments, though overall sentiment remains positive with traders expecting renewed strength in December.
| Purity | Per Tola (11.67 g) | Per 10 Grams | Per Gram | Per Ounce |
|---|---|---|---|---|
| 24K Gold | PKR 443,000 | PKR 379,810 | PKR 37,981 | PKR 1,076,490 |
| 22K Gold | PKR 406,083.33 | PKR 348,159.17 | PKR 34,815.92 | PKR 986,782.5 |
| 21K Gold | PKR 387,625 | PKR 332,333.75 | PKR 33,233.38 | PKR 941,928.75 |
| 18K Gold | PKR 332,250 | PKR 284,857.5 | PKR 28,485.75 | PKR 807,367.5 |
📉 24K gold declined by PKR 1,000 per tola compared to the previous session, reflecting minor global corrections and limited domestic movement.
🌍 Global Market Overview
- International gold prices hovered around $4,060 per ounce, pulling back slightly after testing a one-week high earlier in the week.
- The U.S. dollar index gained modestly, pressuring gold as investors took short-term profits ahead of key economic data releases.
- Market sentiment remains cautiously bullish as traders anticipate a more dovish tone from the Federal Reserve in the coming months.
- Analysts suggest gold could enter a consolidation phase before resuming its upward trajectory if inflation data remains supportive.
🇵🇰 Domestic Market Insights
- The Pakistani Rupee traded stable near PKR 283.40 per USD, keeping local bullion rates largely in sync with global adjustments.
- Retail demand in Karachi, Lahore, and Islamabad continues at a steady pace, supported by wedding-season purchases.
- Gold investors remain optimistic, viewing this minor correction as a temporary pause rather than a reversal.
- Local traders report that premium margins are unchanged, reflecting consistent supply conditions across major bullion markets.
💡 Market Sentiment & Outlook
- Buyers: The slight dip may offer a short-term entry opportunity for those looking to invest before year-end demand pushes prices higher again.
- Sellers/Investors: Current prices remain profitable for those holding from earlier in November; partial profit-taking is advisable.
- Analysts’ View: The trend remains neutral to bullish, with key support at PKR 441,000 per tola and resistance around PKR 445,500.
🔍 Factors to Watch
- U.S. inflation and GDP reports due next week — likely to shape global gold movement.
- USD/PKR exchange rate stability — crucial for local market direction.
- Seasonal demand strength — continued jewellery buying could sustain high prices into December.
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