Gold prices in Pakistan opened today with slight softness compared to recent sessions, though the market remains near historically high levels. The moderation follows global gold fluctuations and minor adjustments in the local currency exchange rate.
| Purity | Per Tola (11.67 g) | Per 10 Grams | Per Gram | Per Ounce |
|---|---|---|---|---|
| 24K Gold | PKR 421,500 | PKR 361,370 | PKR 36,137 | PKR 1,024,245 |
| 22K Gold | PKR 386,375 | PKR 331,255.83 | PKR 33,125.58 | PKR 938,891.25 |
| 21K Gold | PKR 368,812.5 | PKR 316,198.75 | PKR 31,619.88 | PKR 896,214.38 |
| 18K Gold | PKR 316,125 | PKR 271,027.5 | PKR 27,102.75 | PKR 768,183.75 |
💹 The latest rates represent a decline of around PKR 8,000 per tola for 24K gold compared with earlier highs this month, indicating a mild pullback in both international and domestic bullion markets.
🌍 Global Market Overview
- Internationally, gold is trading around $4,000 per ounce, showing slight weakness as investors turn cautious ahead of upcoming U.S. economic data and central-bank policy updates.
- The U.S. dollar strengthened marginally, weighing on gold prices, while bond yields remained steady—limiting upside momentum for precious metals.
- Despite the dip, analysts note that gold continues to be supported by global geopolitical uncertainties and steady demand from central banks.
🇵🇰 Domestic Market Trends
- The Pakistani Rupee has shown relative stability against the U.S. Dollar, closing around PKR 282.70 in inter-bank trading.
- Local gold prices remain elevated due to import dependency, high inflation, and seasonal jewellery demand during the wedding period.
- The narrowing gap between open-market and official exchange rates has also helped reduce volatility in gold pricing compared to September and early October.
📊 Market Sentiment and Outlook
- Buyers: The small decline in price offers a slightly better buying opportunity for long-term holders or jewellery purchases.
- Sellers/Investors: Current levels remain strong for profit-taking, particularly if global prices face further downside pressure.
- Analysts’ View: The short-term trend appears neutral to slightly bearish, though the long-term outlook for gold remains bullish given sustained inflation risks and geopolitical uncertainties.
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