Gold prices in Pakistan dipped slightly from this week’s all-time highs but continue to hover in record territory. As of today, 24K gold stands at PKR 384,200 per tola, reflecting only a modest pullback from Monday’s historic surge. The 22K gold rate, widely used in jewelry manufacturing, remains high at PKR 352,184 per tola, as jewelers across Pakistan report ongoing demand despite the elevated prices.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR) |
|---|---|---|---|
| 24K | 384,200 | 329,400 | 32,940 |
| 22K | 352,184 | 301,948 | 30,195 |
On the global stage, gold futures remain strong around $3,590/oz, fueled by expectations that the Federal Reserve may pause or cut rates due to recent weak job market data. Coupled with fears of stagflation and pressure on the U.S. dollar, gold has re-emerged as the primary safe-haven asset, pushing global and local prices to historical highs.
In Pakistan, domestic political instability, coupled with a depreciating rupee and higher import duties on luxury goods, has further driven gold demand among investors and households alike. Traditionally, gold acts as a hedge against inflation—and with CPI numbers continuing to rise, local investors are turning to bullion as a store of value.
From a technical standpoint, support is building near PKR 381,000, while resistance is observed close to the record level of PKR 386,500 per tola. As long as prices remain above the psychological PKR 380,000 level, bulls are expected to maintain control of the trend.
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