Gold prices have reached new record highs in Pakistan today, with 24K gold trading at ₨ 421,800 per tola. The 22K gold rate is priced at ₨ 386,647 per tola. These prices reflect continued strength in the precious metals market, largely due to global economic uncertainty, inflationary pressures, and the weakening U.S. dollar.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR) |
|---|---|---|---|
| 24K Gold | ₨ 421,800 | ₨ 361,630 | ₨ 36,163 |
| 22K Gold | ₨ 386,647 | ₨ 331,492 | ₨ 33,149 |
| 21K Gold | ₨ 369,072 | ₨ 316,427 | ₨ 31,643 |
| 18K Gold | ₨ 316,350 | ₨ 271,223 | ₨ 27,122 |
Global Gold Drivers
Internationally, gold has surged as investors seek protection amid rising inflation, interest rate cuts, and geopolitical risks. Spot gold is nearing $3,800 per ounce as safe‑haven demand increases. As central banks across the world are expected to ease policy further, gold continues to be a preferred investment option.
Local Market Dynamics
In Pakistan, the continued weakness of the Pakistani rupee against the dollar has added additional upward pressure on gold prices. This local depreciation impacts the cost of importing gold, which directly drives up the prices in the domestic market. Furthermore, seasonal jewelry demand during weddings and festive seasons continues to support the demand for 22K gold, which remains the go‑to purity for most buyers.
The local premium charges and dealer margins are also playing a role, as they reflect the costs associated with importing and handling the gold. As we move into the peak wedding season, gold jewelry demand is likely to remain high, especially for 22K gold.
Technical Outlook
Technically, gold is showing signs of bullish momentum. It has broken past significant resistance levels, with immediate support now seen around ₨ 400,000 per tola. If global sentiment remains favorable and inflation continues to rise, gold may test new resistance levels above ₨ 425,000 in the coming days.
Short-Term Forecast
For the short term, gold is likely to stay in the range of ₨ 400,000 to ₨ 425,000 per tola. Investors should monitor global economic data, particularly U.S. inflation and Federal Reserve policy signals, which will have a direct impact on gold’s movement.
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