Gold prices in Pakistan have surged once again, reaching PKR 452,300 per tola for 24K, marking yet another push toward record highs. The momentum behind this bullish trend continues to be driven by both local economic pressures and global macroeconomic factors, making gold the go-to safe haven for investors.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR) | Per Ounce (PKR) |
|---|---|---|---|---|
| 24K Gold | 452,300 | 387,780 | 38,778 | 1,099,089 |
| 22K Gold | 414,608.33 | 355,465 | 35,546.5 | 1,007,498.25 |
| 21K Gold | 395,762.5 | 339,307.5 | 33,930.75 | 961,702.88 |
| 18K Gold | 339,225 | 290,835 | 29,083.5 | 824,316.75 |
📈 Local Market Drivers:
In Pakistan, demand for gold has remained robust. With ongoing inflation, currency depreciation, and political uncertainty, investors and households alike are turning to gold as a hedge. The 22K gold rate, widely used for jewellery, is now quoted at PKR 414,608 per tola, highlighting that both retail and institutional buyers are contributing to demand.
Seasonal factors are also at play. With the wedding season underway, jewelers across the country are experiencing higher footfall and increased bookings for customized gold sets and ornaments. This surge in demand has created supply pressure in local bullion markets, reinforcing upward price movement.
🌐 Global Factors:
On the international front, gold is trading near $3,600/oz, supported by economic uncertainty in the US, including weak employment data and speculation of future interest rate cuts by the Federal Reserve. Additionally, tensions in the Middle East and concerns over global energy prices have created more uncertainty, further fueling gold’s rally.
From a technical standpoint, support is observed near PKR 448,000, while the next resistance level is at PKR 455,000. If prices break above this resistance, a new all-time high may be in sight.
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