Pakistan Gold Price Slips to PKR 38,703 per Gram
Gold prices in Pakistan fell slightly on Tuesday, with the per-gram rate dropping to PKR 38,702.99.
Key points
- Gold price in Pakistan fell to PKR 38,702.99 per gram on September 22.
- The tola price decreased to PKR 451,424.10 from the previous day's close.
- FXStreet data shows the troy ounce price at PKR 1,203,798.00.
Gold prices in Pakistan fell slightly on Tuesday, with the per-gram rate dropping to PKR 38,702.99. This represents a modest decrease from the previous day's close of PKR 38,731.66. The market remained broadly stable despite minor fluctuations in the local currency.
The tola price also declined to PKR 451,424.10 from PKR 451,758.50 on Monday. FXStreet data indicates that these changes reflect minor shifts in international gold prices. Local demand remains steady as investors monitor global economic indicators.
Daily price movements tracked
The troy ounce price stood at PKR 1,203,798.00 on Tuesday. Ten-gram units were listed at PKR 387,029.90 during the session. These figures are calculated by adapting international USD prices to local units.
FXStreet updates these rates daily based on real-time market data. Local retail prices may vary slightly from these reference figures. Traders should verify rates with local dealers before executing transactions.
Factors influencing gold values
Gold prices often move inversely to the US dollar and US Treasuries. A weaker dollar typically supports higher gold prices for buyers. Central banks continue to purchase gold to diversify their reserves.
Geopolitical instability and inflation fears frequently drive demand for this safe-haven asset. Interest rate changes also impact gold, as it yields no interest. Most price movements depend heavily on how the US dollar behaves.
