In the near term, gold may oscillate between ₨ 435,000 and ₨ 455,000 per tola for 24K. Purities like 22K and 21K should follow, with likely ranges scaled down proportionally, depending on local demand, jewelry purchases, and premium shifts.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR) | Per Ounce (PKR) |
|---|---|---|---|---|
| 24K | ₨ 442,600 | ₨ 379,460 | ₨ 37,946 | ₨ 1,075,518 |
| 22K | ₨ 405,716.67 | ₨ 347,838.33 | ₨ 34,783.83 | ₨ 985,891.50 |
| 21K | ₨ 387,275 | ₨ 332,027.50 | ₨ 33,202.75 | ₨ 941,078.25 |
| 18K | ₨ 331,950 | ₨ 284,595 | ₨ 28,459.50 | ₨ 806,638.50 |
🔍 Gold Market Analysis & Outlook
Gold in Pakistan is standing tall today with substantial jumps across all purity levels. The 24K rate of ₨ 442,600 per tola is a new benchmark, suggesting strong upward momentum in the local bullion market. The rest of the purities—22K, 21K, and 18K—are also scaling comparably, reflecting broad strength across the board.
1. Global Factors Driving Gold
- Safe-Haven Demand: With global economic uncertainty, inflation risks, and currency volatility, investors are turning to gold as a refuge.
- Monetary Policy Expectations: Many markets are anticipating central banks, especially the U.S. Federal Reserve, may cut or loosen policy in the near future. That expectation tends to reduce yields on bonds and make non-yielding assets like gold more appealing.
- Weak U.S. Dollar: A softer dollar often supports gold in local currencies. When the dollar weakens, gold priced in other currencies tends to move higher.
2. Local / Pakistan Dynamics
- Rupee Depreciation: The Pakistani rupee continues to weaken, which inflates the local cost of importing gold. That has a direct effect on domestic prices.
- Inflation & Inflation Hedging: As inflation eats into purchasing power, more people and institutions turn to gold as a store of value.
- Demand from Jewelry & Cultural Use: Wedding seasons, festivals, and traditional gold buying keep demand for 22K and 24K high. 22K especially is preferred because of its durability in jewelry.
- Premiums & Market Margins: Local dealers and sarafa markets often add premiums over spot, which magnify the final price you pay.
🔍 Gold Market Analysis & Outlook
Gold in Pakistan is standing tall today with substantial jumps across all purity levels. The 24K rate of ₨ 442,600 per tola is a new benchmark, suggesting strong upward momentum in the local bullion market. The rest of the purities—22K, 21K, and 18K—are also scaling comparably, reflecting broad strength across the board.
1. Global Factors Driving Gold
- Safe-Haven Demand: With global economic uncertainty, inflation risks, and currency volatility, investors are turning to gold as a refuge.
- Monetary Policy Expectations: Many markets are anticipating central banks, especially the U.S. Federal Reserve, may cut or loosen policy in the near future. That expectation tends to reduce yields on bonds and make non-yielding assets like gold more appealing.
- Weak U.S. Dollar: A softer dollar often supports gold in local currencies. When the dollar weakens, gold priced in other currencies tends to move higher.
2. Local / Pakistan Dynamics
- Rupee Depreciation: The Pakistani rupee continues to weaken, which inflates the local cost of importing gold. That has a direct effect on domestic prices.
- Inflation & Inflation Hedging: As inflation eats into purchasing power, more people and institutions turn to gold as a store of value.
- Demand from Jewelry & Cultural Use: Wedding seasons, festivals, and traditional gold buying keep demand for 22K and 24K high. 22K especially is preferred because of its durability in jewelry.
- Premiums & Market Margins: Local dealers and sarafa markets often add premiums over spot, which magnify the final price you pay.
3. Technical Perspective
- Support Zones: The gold market is likely finding support near ₨ 420,000 – ₨ 430,000 per tola for 24K.
- Resistance Levels: The new rates are pushing resistance zones upward. Breaking above ₨ 445,000 – ₨ 450,000 could open the path to further new highs.
- Trend Momentum: The pace of increase suggests buyers are still confident, but price pullbacks are possible if global macro data or currency moves trigger caution.
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