Gold Rate in Pakistan Today Gold Price Rises Sharply

Gold prices in Pakistan have experienced a significant surge, with the per tola rate increasing by Rs2,500 to Rs304,000 in the local market, while global prices rose by $25 to $2,913, driven by a weaker US dollar and concerns over US President Donald Trump's tariff plans.

The rise in gold prices can be attributed to the decline in the US dollar index, which fell by 0.2%, making gold less expensive for foreign buyers. This, combined with growing concerns over US President Donald Trump's tariff plans, has led to increased demand for gold as a safe-haven asset. As a result, investors are now closely watching the US Producer Price Index (PPI) data and retail sales report for further economic clues.

However, gold prices in Pakistan declined on Wednesday, following a decrease in international rates. The gold price per tola fell by Rs1,600 to Rs301,500, while 10-gram gold lost Rs1,372 to Rs258,487. The international rate of gold decreased to $2,888 per ounce, down by $16 during the day. Silver prices remained stable at Rs3,312 per tola.

The decline in gold prices is attributed to Federal Reserve Chair Jerome Powell's hawkish comment, which cemented views of slower rate cuts this year. Investors are now awaiting a key US inflation report, which is expected to provide further insight into the direction of gold prices. The fluctuations in gold prices have significant implications for investors and consumers in Pakistan, who are closely watching the market for opportunities to buy or sell gold.

As the gold market continues to experience volatility, investors and consumers in Pakistan are advised to stay informed about the latest developments and trends in the global and local markets. The current gold rate in Pakistan today is Rs301,500 per tola, and it remains to be seen how the market will respond to future economic developments.