Gold Price in Pakistan Today: Gold goes up according to FXSTERET data

Gold prices rose in Pakistan on Thursday, according to data collected by FXSTERET.

The price of gold stood at 30,225.26 Pakistani rupees (PKR) per gram, an increase compared to 29,853.47 pkr that cost Wednesday.

The price of gold increased to 352,550.50 pkr per tola from 348,205.10 pkr per tola from the previous day.

Unit of measure Gold Price in PKR
1 gram 30,225.26
10 grams 302,260.30
Tola 352,550.50
Troy ounce 940,111.40

What moves the market today: the price of gold attracts safe refuge flows amid persistent commercial uncertainties

The secretary of the US Treasury, Scott Besent, denied the reports that the White House is considering unilaterally reducing tariffs on Chinese imports. Besent added that the high tariffs imposed by both parties must be reduced each other before the conversations can begin, moderating the hopes of a rapid resolution of the commercial confrontation between the US and China and reviving the demand of the traditional refuge surely represents the price of gold.

The Beige Book of the Federal Reserve showed that the general uncertainty about the changing tariff plans of US President Donald Trump threatens to stop growth in the coming months. The report also revealed that consumer spending remains mixed, while the labor market has shown signs of cooling after stagnating or decreasing in many Fed districts, pointing to a gloomy panorama.

In the front of the economic data, a preliminary reading of the PMI composed of Global S&P indicated that the business activity in the US expanded at a slower pace in April. The data revealed a divergent performance between sectors, with the manufacturing activity continuing to grow modestly, while the non -manufacturing PMI pointed to signs that demand in the services sector could be losing impulse.

The US dollar erodes part of its recovery earnings recorded in the last two days amid the bets that the Federal Reserve will resume its cycle of feat cuts in June and reduce indebted costs at least three times by the end of this year. This turns out to be another factor that benefits the yellow metal that does not yield, although a generally positive risk tone could limit any additional gain.

Meanwhile, the relaxation signs of commercial tensions between the two largest economies in the world and the setback of fears that the Fed could lose its autonomy increased the appetite of investors by higher risk assets. This could stop the bullies of making new bets around the Xau/USD, since operators now expect the macroeconomic data of the US – applications for unemployment subsidy and orders for lasting goods – in search of short -term impulses.

FXSTERET calculates gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and the units of measure. Prices are updated daily according to market rates taken at the time of publication. Prices are only reference and local rates could diverge slightly.

FAQS GOLD


Gold has played a fundamental role in the history of mankind, since it has been widely used as a deposit of value and a half of exchange. At present, apart from its brightness and use for jewelry, precious metal is considered an active refuge, which means that it is considered a good investment in turbulent times. Gold is also considered a coverage against inflation and depreciation of currencies, since it does not depend on any specific issuer or government.


Central banks are the greatest gold holders. In their objective of supporting their currencies in turbulent times, central banks tend to diversify their reserves and buy gold to improve the perception of strength of the economy and currency. High gold reserves can be a source of trust for the solvency of a country. Central banks added 1,136 tons of gold worth 70,000 million to their reservations in 2022, according to data from the World Gold Council. It is the largest annual purchase since there are records. The central banks of emerging economies such as China, India and Türkiye are rapidly increasing their gold reserves.


Gold has a reverse correlation with the US dollar and US Treasury bonds, which are the main reserve and shelter assets. When the dollar depreciates, the price of gold tends to rise, which allows investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rebound in the stock market tends to weaken the price of gold, while mass sales in higher risk markets tend to favor precious metal.


The price of gold can move due to a wide range of factors. Geopolitical instability or fear of a deep recession can cause the price of gold to rise rapidly due to its condition of active refuge. As an asset without yield, the price of gold tends to rise when interest rates lower, while the money increases to the yellow metal. Even so, most movements depend on how the US dollar (USD) behaves, since the asset is quoted in dollars (Xau/USD). A strong dollar tends to keep the price of gold controlled, while a weakest dollar probably thrusts gold prices.

(An automation tool was used to create this publication.)

Source: Fx Street

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