Gold prices in Pakistan are remaining strong as of 17 September 2025, with 24‑karat gold at PKR 384,000 per tola and 22K gold at PKR 351,970 per tola. These levels reflect only slight fluctuations compared to recent days, showing that the local market is absorbing both global pressures and domestic demand without major disruptions.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR) |
|---|---|---|---|
| 24K Gold | Rs. 391,000 | Rs. 335,219 | Rs. 33,423 |
| 22K Gold | Rs. 358,508 | Rs. 307,285 | Rs. 30,728 |
On the international front, gold is under pressure in part due to modest strengthening of the U.S. dollar, profit-taking after recent record highs, and cautious investor sentiment ahead of the Federal Reserve’s next policy meeting. In the Reuters report “Gold’s record rally takes breather as spotlight shifts to Fed”, gold eased 0.2% after surging to a record high.
Locally in Pakistan, several factors continue to support gold rates:
- Currency Depreciation: The Pakistani rupee’s weakness increases import costs of gold and adds to inflation, making gold more expensive but also driving demand as a hedge.
- Inflation & Cost of Living: With inflation pressures still high, many households see gold as a better store of value than cash or low‑yield savings.
- Cultural & Jewelry Demand: Weddings, festivals, and gifts still drive demand for gold, particularly 22K gold, which is popular for jewelry despite the higher cost.
- Premiums & Supply Costs: Import duties, transport, and dealer premiums add to local prices, making movement in global gold also directly visible in local markets.
Technically, support appears strong around PKR 380,000–382,000 per tola for 24K gold. Resistance is likely around recent highs; if gold moves above that, further gains could follow. However, downside risk remains if there is unexpectedly strong dollar strength, hawkish central bank comments, or global macroeconomic surprises that deter risk premium in gold.
Short‑Term Forecast: Gold is likely to trade in a slightly narrow corridor in the coming days—expect 24K gold to oscillate between PKR 380,000 and PKR 390,000 per tola, with potential upward movement if Fed signals dovishness or inflation surprises upward. For 22K gold, expect it to follow similar trends, staying around PKR 350,000‑355,000 per tola depending on local demand and premium shifts.
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