KARACHI – After facing five-day decline, gold prices in Pakistan have surged back sharply. The price of one tola of gold increased by Rs 1,465, closing at Rs 358,465, while ten grams rose by Rs 1,256 to Rs 307,325.
Today Gold Price
| Gold Type | Price Increase | New Price |
|---|---|---|
| One tola | 1,465 | 358,465 |
| Ten grams | 1,256 | 307,325 |
Gold Rates in Pakistan This Week
| Dates | Price |
| 19-June | Rs358,595 |
| 18-June | Rs359,055 |
| 17-June | Rs361,300 |
| 16-June | Rs362,300 |
| 14-June | Rs363,000 |
| 13-June | Rs361,500 |
| 12-June | Rs356,900 |
This local rebound mirrors global trends, where gold prices climbed by $13 to $3,369 per ounce amid renewed investor confidence. Market experts attribute the recovery to shifting economic factors, signaling potential stabilization in the precious metals sector following a recent slump.
Despite ongoing geopolitical tensions, gold had faced its first weekly loss in nearly a month due to a stronger US Dollar and subdued economic data, including weak retail sales and faltering stock markets. The Federal Reserve’s decision to hold interest rates steady also influenced market dynamics.
Analysts suggest that while gold’s momentum has slowed after a prolonged rally, the recent uptick could mark the beginning of a more stable phase for precious metals in both domestic and international markets.
