Pakistan Gold Price Drops to PKR 38,361.48 per Gram
Gold prices in Pakistan declined on Friday, with the per-gram rate falling to PKR 38,361.48. The tola price also dropped from the previous day's levels.
Gold prices in Pakistan fell on Friday. The cost of one gram dropped to 38,361.48 Pakistani Rupees. This represents a decrease from 38,492.05 PKR on Thursday.
The price per tola decreased to 447,454.80 PKR. The previous day's rate for this unit was 448,963.80 PKR. Data from GN auto markets/commodities: gold prices confirms these downward movements.
Current Market Rates and Units
Ten grams of gold are priced at 383,613.40 PKR. A troy ounce stands at 1,193,154.00 PKR. These figures reflect the daily adaptation of international prices to local currency.
FXStreet compiles these rates using USD/PKR exchange data. The prices serve as a reference point for local markets. Actual retail rates may vary slightly depending on the vendor.
Drivers of Precious Metal Value
Gold acts as a store of value and hedge against inflation. It does not rely on any specific government issuer. Central banks remain the largest holders of the metal.
Emerging economies have increased their gold reserves significantly. China, India, and Turkey lead these recent additions. This trend supports the metal's status as a safe haven.
Correlation With Dollar and Risk
Gold prices move inversely to the US Dollar. A stronger dollar tends to suppress gold prices. A weaker dollar typically allows gold to rise.
The metal also correlates inversely with risk assets. Stock market rallies often weaken gold demand. Market sell-offs drive investors toward precious metals. Interest rate levels also influence the price trajectory.
