Gold prices in Pakistan today remain elevated, with 24‑carat gold trading at ₨ 387,700 per tola and 22‑carat at ₨ 355,392 per tola. These rates reflect a slight upward movement in recent days, supported by both international pressures and local demand.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR) |
|---|---|---|---|
| 24K | ₨ 387,700 | ₨ 332,400 | ₨ 33,240 |
| 22K | ₨ 355,392 | ₨ 304,698 | ₨ 30,470 |
Globally, gold continues to respond to recent developments from the U.S. Federal Reserve. After the Fed cut rates by 25 basis points, the U.S. dollar saw a mild rebound, which is putting short‑term pressure on gold prices. However, the longer‑term drivers—such as inflation concerns, geopolitical risks, and expectations of further monetary easing—are still very much in play. The dollar’s strength following Fed comments has led to some profit‑booking, causing gold to ease from its recent highs, yet the base demand remains robust.
Domestically in Pakistan, the rupee remains under pressure, which tends to push gold prices higher as import costs rise. Households and investors continue to view gold as a store of value amid inflation, and demand for jewelry, particularly 22K gold, remains steady despite high premiums. Festivals and normal seasonal demand are also contributing to buying interest. Additionally, retail dealers report that while premiums are elevated, there’s still willingness from consumers to pay given the view that gold may appreciate further.
Technically, support for gold seems to be forming around ₨ 380,000‑385,000 per tola for 24K. Resistance is being tested near ₨ 390,000 per tola. If global economic data (inflation, labor market) continues to point toward easing, gold may test fresh highs. On the flip side, a stronger dollar or unexpected hawkish signals from global central banks could trigger a correction or consolidation.
Short‑Term Forecast:
Gold is expected to trade in the range of ₨ 385,000 – ₨ 392,000 per tola for 24K in the next few days, with 22K gold likely in the ballpark of ₨ 350,000 – ₨ 360,000 per tola, assuming current global conditions hold.
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