Gold prices in Pakistan are holding strong today, trading at PKR 386,500 per tola for 24K gold and PKR 354,268 per tola for 22K. This reflects a continued upward trend from recent days, suggesting that market participants remain confident in gold’s safe‑haven appeal.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR) |
|---|---|---|---|
| 24K | 386,500 | 331,370 | 33,137 |
| 22K | 354,268 | 303,754 | 30,375 |
nternationally, gold has benefited from the recent Federal Reserve rate cut of 25 basis points and its signals of further easing. This has put pressure on yields and boosted appeal for non-yielding assets like gold. Investors appear to be factoring in inflation risks and currency weakening, particularly of the U.S. dollar. The combination of these global factors is feeding into local demand and supporting prices in Pakistan. Reuters+2FXStreet+2
On the domestic side, several influences are reinforcing gold’s elevated price: currency depreciation, import duties, and inflation continue to erode purchasing power, pushing many toward gold as a store of value. Jewelry demand remains solid, especially for 22K gold, which is more affordable in design and durability for everyday wear, despite rising premiums. Markets in Karachi, Lahore, Islamabad are seeing strong trade activity in gold despite its high price. UrduPoint+1
From a technical perspective, support for 24K gold appears to be around PKR 380,000 – PKR 385,000 per tola, while resistance may today be tested near PKR 390,000+, assuming global cues remain favorable. A break above resistance could push 24K gold toward new highs, but downside risks include any surprise hawkish policy statements, dollar strength, or tightening import constraints locally.
Short‑Term Forecast: Given current momentum and the supportive global backdrop, 24K gold is likely to trade in a range of PKR 385,000 – PKR 392,000 per tola over the next few days, with 22K gold following proportionally, likely between PKR 351,000 – PKR 360,000 per tola, depending on local demand and currency movements.
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