Gold prices in Pakistan saw a decline on Monday, with 24-carat gold costing 20,911.21 Pakistani Rupees (PKR) per gram, reflecting a decrease of PKR 4.91 compared to Friday’s price of PKR 20,916.12.
The price for 24-carat Gold also decreased to PKR 243,904.29 per tola from PKR 243,961.56 per tola.
| Unit measure | Gold Price in PKR |
|---|---|
| 1 Gram | 20,911.21 |
| 10 Grams | 209,112.13 |
| Tola | 243,904.29 |
| Troy Ounce | 650,411.92 |
FXStreet calculates Gold prices in Pakistan by adapting international prices (XAU/USD) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Global Market Movers: Gold price influenced by various factors
- The rise in the US Personal Consumption Expenditures (PCE) Price Index and the core PCE Price Index indicate increasing inflation, impacting Gold prices.
- Optimism around peace talks in the Middle East may shift investor focus towards riskier assets, leading to a decline in Gold prices.
- Geopolitical tensions, like the recent Ukraine-Russia conflict, tend to support Gold prices as investors seek safe-haven assets.
- Gold’s role as a hedge against inflation makes it attractive amidst concerns of rising prices in the US.
- The upcoming US macro data releases, including the Nonfarm Payrolls report, will shape market sentiment towards Gold.
(An automation tool was used in creating this post.)
Gold FAQs
Gold is a historically significant asset used for its value, as a medium of exchange, and as a safe-haven investment during turbulent times.
Central banks significantly influence Gold prices by increasing their reserves during economic uncertainties, adding strength to their currencies.
Gold’s price movement is often inversely related to the US Dollar and US Treasuries, making it appealing during times of Dollar depreciation.
Factors like geopolitical instability, inflation concerns, and Dollar strength or weakness can impact Gold prices significantly.
Gold prices in Pakistan saw a decline on Monday, with 24-carat gold costing 20,911.21 Pakistani Rupees (PKR) per gram, reflecting a decrease of PKR 4.91 compared to Friday’s price of PKR 20,916.12.
The price for 24-carat Gold also decreased to PKR 243,904.29 per tola from PKR 243,961.56 per tola.
| Unit measure | Gold Price in PKR |
|---|---|
| 1 Gram | 20,911.21 |
| 10 Grams | 209,112.13 |
| Tola | 243,904.29 |
| Troy Ounce | 650,411.92 |
FXStreet calculates Gold prices in Pakistan by adapting international prices (XAU/USD) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Global Market Movers: Gold price influenced by various factors
- The rise in the US Personal Consumption Expenditures (PCE) Price Index and the core PCE Price Index indicate increasing inflation, impacting Gold prices.
- Optimism around peace talks in the Middle East may shift investor focus towards riskier assets, leading to a decline in Gold prices.
- Geopolitical tensions, like the recent Ukraine-Russia conflict, tend to support Gold prices as investors seek safe-haven assets.
- Gold’s role as a hedge against inflation makes it attractive amidst concerns of rising prices in the US.
- The upcoming US macro data releases, including the Nonfarm Payrolls report, will shape market sentiment towards Gold.
(An automation tool was used in creating this post.)
Gold FAQs
Gold is a historically significant asset used for its value, as a medium of exchange, and as a safe-haven investment during turbulent times.
Central banks significantly influence Gold prices by increasing their reserves during economic uncertainties, adding strength to their currencies.
Gold’s price movement is often inversely related to the US Dollar and US Treasuries, making it appealing during times of Dollar depreciation.
Factors like geopolitical instability, inflation concerns, and Dollar strength or weakness can impact Gold prices significantly.
