Gold prices in Pakistan have inched upward once again, reflecting both global and local market movements. The 24-karat gold rate now stands at Rs. 469,400 per tola, showing mild strength as international bullion prices remain firm amid inflation concerns and fluctuating currency values.
Today’s Gold Rates
| Gold Purity | Per Tola (PKR) | Per Gram (PKR) | Per 10 Grams (PKR) | Per Ounce (PKR) |
|---|---|---|---|---|
| 24 K Gold | Rs. 469,400 | Rs. 40,256 | Rs. 402,560 | Rs. 1,141,320 |
| 22 K Gold | Rs. 430,282 | Rs. 36,901 | Rs. 369,010 | Rs. 1,047,880 |
| 21 K Gold | Rs. 410,722 | Rs. 35,224 | Rs. 352,240 | Rs. 1,013,900 |
| 18 K Gold | Rs. 352,050 | Rs. 30,192 | Rs. 301,920 | Rs. 871,000 |
Market Overview
The yellow metal continues to trade within a narrow but positive range as investors turn cautious before upcoming global inflation data. The Pakistani Rupee’s weakness against the US Dollar has further pushed domestic prices higher.
Local jewelers report stronger retail demand from buyers preparing for the upcoming wedding season, traditionally a high-volume period for gold jewelry. In international markets, spot gold is trading around $2,410 per ounce, supported by lower treasury yields and geopolitical uncertainty in Europe and the Middle East.
Global & Domestic Drivers
- Inflation Hedge: Persistent inflation keeps gold appealing as a store of value.
- USD Volatility: A softer dollar lifts demand in Asian markets, including Pakistan.
- Interest-Rate Outlook: Expectations of slower rate hikes by central banks are fueling optimism among long-term gold investors.
- Seasonal Demand: Jewelers anticipate elevated buying through November and December.
Investment Outlook
Analysts expect prices to stay bullish through the rest of October. If global inflation data exceeds expectations, gold could break above Rs. 472,000 per tola in coming sessions. Long-term investors are advised to accumulate on dips, while short-term traders may benefit from mild volatility driven by international news flows.
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