Gold in Pakistan remains firm today, with 24K quoted at PKR 394,400 per tola and 22K at PKR 361,505 per tola. These rates reflect stability in local bullion markets, even amid global macro shifts.
| Purity | Per Tola (PKR) | Per 10 Grams (PKR) | Per Gram (PKR) |
|---|---|---|---|
| 24K Gold | 394,400 | 338,140 | 33,814 |
| 22K Gold | 361,505 | 309,959 | 30,996 |
Internationally, gold prices are softening slightly as stronger U.S. economic data revives expectations for a more hawkish Federal Reserve, which supports the dollar and raises the opportunity cost of holding non‑yielding assets like gold. Still, gold holds appeal during periods of uncertainty, inflation, or weakening fiat currencies.
Locally, forex pressures, import costs, and inflation continue to push upward pressure on local gold prices. Demand in urban centers remains steady despite elevated premiums. Jewelry demand—especially for 22K—continues to underpin support in the mid to long term.
From a technical perspective, gold is likely consolidating around PKR 390,000 – 398,000 per tola levels. Resistance may lie above current levels, while support is probably near PKR 385,000 – 390,000. A strong breakout would depend heavily on macro indicators like U.S. inflation, Fed policy shifts, or dollar moves.
Near‑term outlook: Gold may see a range‑bound movement unless a strong catalyst emerges. Expect it to trade between PKR 390,000 and 400,000 per tola for 24K, with 22K following proportionally.
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