Karachi (Pakistan): The price of gold in Pakistan remained unchanged on Wednesday, according to the All Pakistan Gems and Jewellers Association (APGJA). The market opened with stability, reflecting trends in the international market where prices also remained steady.
As per the official figures:
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The price of 24-karat gold per tola stayed at Rs. 407,778.
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The price of 10 grams of gold remained at Rs. 349,603.
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In the global market, gold traded at $3,865 per ounce, with no significant changes compared to the previous day.
Local Market Analysis
Gold traders in Pakistan noted that the stability in prices comes after weeks of fluctuation caused by changing international bullion rates and the movement of the Pakistani rupee against the US dollar. The unchanged rate is being seen as a short pause before the next adjustment in line with global trends.
Gold prices in Pakistan are highly sensitive to changes in the international market. Any rise in global rates or depreciation of the rupee typically results in higher local gold prices. Conversely, when the international market eases or the rupee strengthens, domestic prices adjust downward.
International Trends
In the global market, gold remained firm at $3,865 per ounce, supported by steady demand as investors continue to view gold as a safe-haven asset amid economic and geopolitical uncertainties. Analysts suggest that prices may remain range-bound in the short term, but any shifts in US monetary policy or tensions in the Middle East could spark volatility.
What It Means for Buyers
For consumers in Pakistan, today’s unchanged prices mean that the cost of gold jewelry and investment bars remains steady for now. However, jewelers advise potential buyers to remain cautious as price movements can occur suddenly depending on global shifts.
Investment experts also highlight that gold continues to be a reliable hedge against inflation, especially during times of currency instability. Many Pakistanis traditionally purchase gold as a long-term store of value, making daily updates crucial for investors and families planning weddings or major purchases.
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FAQs – Gold Price in Pakistan Today
1. What is the gold price in Pakistan today (per tola)?
The price of 24-karat gold per tola in Pakistan today is Rs. 407,778, according to the All Pakistan Gems and Jewellers Association.
2. What is the gold price per 10 grams in Pakistan?
The price of 10 grams of 24-karat gold today is Rs. 349,603.
3. What is the international gold price today?
In the global market, gold is being traded at $3,865 per ounce.
4. Did gold prices increase or decrease today in Pakistan?
Gold prices in Pakistan remained unchanged compared to the previous day.
5. Why are gold prices stable today?
Gold prices are stable due to steady international bullion rates and no major changes in the Pakistani rupee exchange rate.
6. Who decides the gold rates in Pakistan?
The All Pakistan Gems and Jewellers Association (APGJA) announces the official gold prices daily, based on international market trends.
7. Why do gold prices in Pakistan depend on the international market?
Gold is an imported commodity in Pakistan, so its price is directly influenced by global bullion rates and the US dollar exchange rate.
8. Is today a good day to buy gold in Pakistan?
Since the price is stable, some investors may find it a good time to buy. However, buyers are advised to monitor market trends as prices can change quickly.
9. How much has gold increased in the last year in Pakistan?
Gold prices have shown a significant upward trend over the past year due to currency depreciation and rising international bullion rates.
10. Will gold prices rise in the coming days?
Analysts expect gold prices may fluctuate depending on global economic conditions, US monetary policy, and regional geopolitical tensions.