Gold prices in Pakistan remained near record levels on Friday as fluctuations in the international bullion market continued to influence local rates. According to the latest market data, the price of 24-karat gold stood at around Rs. 478,000 per tola, while 10 grams of 24K gold were being sold for over Rs. 409,000 in local bullion markets.
The rate for 22-karat gold was recorded at approximately Rs. 438,000 per tola, with 10 grams priced at nearly Rs. 375,000. Traders said gold prices have witnessed sharp movement during the past several weeks due to uncertainty in global financial markets and changing investor sentiment.
Internationally, gold prices faced pressure after rising US Treasury yields and inflation concerns strengthened the dollar. Market analysts noted that spot gold slipped to a one-week low in global trading as investors reacted to fears of prolonged higher interest rates in the United States.
Experts believe geopolitical tensions, inflation worries, and oil price volatility continue to play a major role in determining global gold trends. Despite short-term declines in international prices, demand for gold in Pakistan remains strong, especially among investors seeking safer assets during uncertain economic conditions.
Bullion dealers stated that local gold prices are directly linked to international market movements and the Pakistani rupee’s exchange rate against the US dollar. Any further depreciation in the rupee could push domestic gold prices even higher in the coming days.
Gold continues to be one of the most preferred investment options in Pakistan, particularly during periods of inflation and financial uncertainty. Traders are now closely monitoring upcoming global economic developments, including US monetary policy decisions and geopolitical events, which may further impact bullion prices worldwide.
Also read: Gold Prices Remain Volatile Amid Global Uncertainty
