Gold prices in Pakistan opened today with slight upward momentum after recent fluctuations, reflecting a stable global market and consistent domestic demand.
| Purity | Per Tola (11.67 g) | Per 10 Grams | Per Gram | Per Ounce |
|---|---|---|---|---|
| 24K Gold | PKR 423,500 | PKR 363,090 | PKR 36,309 | PKR 1,029,105 |
| 22K Gold | PKR 388,208 | PKR 332,832.5 | PKR 33,283 | PKR 943,346 |
| 21K Gold | PKR 370,562 | PKR 317,703.75 | PKR 31,770 | PKR 900,466 |
| 18K Gold | PKR 317,625 | PKR 272,317.5 | PKR 27,232 | PKR 771,829 |
📊 Compared to the previous session, 24K gold rose by around PKR 2,000 per tola, indicating renewed buying interest both locally and globally.
🌍 Global Market Overview
- Gold is trading near $4,010 per ounce, showing a mild recovery after last week’s decline.
- The rebound is driven by safe-haven demand amid uncertainty surrounding upcoming U.S. economic indicators and mixed corporate earnings results.
- Despite a firmer U.S. dollar, persistent inflation concerns and cautious investor sentiment are supporting gold’s current levels.
- Analysts note that if U.S. bond yields stabilize, gold may continue consolidating around the $4,000 mark.
🇵🇰 Domestic Market Insights
- The Pakistani Rupee remained relatively stable around PKR 282.65 per USD, limiting sharp changes in local bullion prices.
- Demand in local markets is steady, particularly in urban areas, as wedding season continues to fuel jewellery purchases.
- Retailers report moderate but consistent buying from investors looking to hedge against inflation and currency fluctuations.
- The price trend suggests domestic rates are tracking global spot movements closely, with minor adjustments due to exchange rate variations.
💡 Market Outlook
- Buyers: Current rates are near recent averages, presenting a balanced entry point for those planning jewellery or investment purchases.
- Sellers/Investors: The slight rebound offers a profitable window for short-term sellers but keeping an eye on U.S. data this week is advised.
- Analysts’ Take: Gold’s short-term outlook remains stable-to-bullish, with strong support levels near PKR 420,000 per tola and resistance around PKR 430,000.
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