ISLAMABAD: Gold prices in Pakistan stabilised on Tuesday following recent record highs, as the market absorbed global pressures and domestic demand dynamics.
Analysts say the precious metal continues to attract safe-haven flows amid macro uncertainty, keeping the local bullion segment in focus.
According to Gold.pk, the rate for 24-karat gold per tola is Rs 400,300, marginally easing from a recent peak. The price for 10 grams stands at Rs 343,200, while 22-karat gold is quoted at Rs 366,939 per tola.
On the international front, gold futures hit all-time highs, with spot prices surging past $3,850 an ounce on strong safe-haven demand and expectations of further rate cuts by the U.S. Federal Reserve.
Reuters reported that concerns over a possible U.S. government shutdown and persistent global risk aversion fueled the rally.
Dealers in local markets told Business Recorder that although recent gains have tightened margins for retail buyers, investor inflows remain strong.
They noted that urban centres such as Karachi and Lahore are seeing sustained activity in smaller denominations as buyers hedge against volatility.
Analysts believe gold may continue to trend higher in the near term, supported by weaker dollar pressures, inflation concerns, and geopolitical risks.
However, they caution that a sudden shift in U.S. monetary policy or a rebound in global equities could temper further upside.
