In today’s market update, gold prices in Pakistan experienced a downward trend, closing at Rs. 468,180, marking a decrease of Rs. 2,120 from the morning’s opening rate of Rs. 470,300. This decline reflects a noticeable shift within the local market dynamics, influenced by both domestic and international factors.
The morning’s optimism, with gold opening at a robust Rs. 470,300, was soon tempered by market corrections. As trading progressed, the market saw a gradual decline, culminating in a closing rate that underscores the volatility currently characterizing the precious metals market.
On the international front, gold was trading at $4,589.08, a figure that remains robust but reflects a stable trend in comparison to the fluctuations observed in the local market. The international benchmark continues to exert an influence over local gold prices, though local economic conditions, including currency fluctuations and geopolitical factors, play a significant role in daily price adjustments.
Today’s decline in gold prices can be attributed to several factors, including the strengthening of the Pakistani Rupee against the US Dollar, which often leads to lower gold prices domestically. Moreover, investor sentiment appears cautious, with many opting to hold off on substantial investments amid global economic uncertainties.
Analysts remain watchful, advising investors to stay informed of both local market trends and international developments that could impact gold prices. As the market continues to react to global economic signals, including potential interest rate changes and geopolitical tensions, gold prices in Pakistan are likely to exhibit further fluctuations.
For those invested in gold, either as a hedge against inflation or as part of a diversified portfolio, keeping abreast of these trends will be crucial in navigating the market’s ups and downs in the coming weeks.
Today’s Gold Price Market History
| Time | Intl Gold ($) | Local (Rs) | Status |
|---|---|---|---|
| 12:17 AM | $4,593.32 | Rs. 470,300 | |
| 12:47 AM | $4,589.62 | Rs. 470,200 | ▼ |
| 01:17 AM | $4,591.16 | Rs. 470,240 | ▲ |
| 01:47 AM | $4,581.27 | Rs. 470,000 | ▼ |
| 02:17 AM | $4,584.04 | Rs. 470,060 | ▲ |
| 02:47 AM | $4,592.92 | Rs. 470,290 | ▲ |
| 03:17 AM | $4,596.70 | Rs. 470,370 | ▲ |
| 03:47 AM | $4,593.95 | Rs. 470,310 | ▼ |
| 04:17 AM | $4,598.33 | Rs. 470,420 | ▲ |
| 04:47 AM | $4,598.80 | Rs. 470,430 | ▲ |
| 05:17 AM | $4,595.15 | Rs. 470,340 | ▼ |
| 05:47 AM | $4,593.32 | Rs. 470,300 | ▼ |
| 06:17 AM | $4,588.53 | Rs. 470,170 | ▼ |
| 06:47 AM | $4,575.97 | Rs. 469,860 | ▼ |
| 07:17 AM | $4,582.12 | Rs. 470,010 | ▲ |
| 07:47 AM | $4,578.25 | Rs. 469,910 | ▼ |
| 08:17 AM | $4,585.30 | Rs. 470,090 | ▲ |
| 08:47 AM | $4,593.25 | Rs. 470,290 | ▲ |
| 09:17 AM | $4,594.25 | Rs. 469,000 | ▼ |
| 09:47 AM | $4,589.99 | Rs. 468,900 | ▼ |
| 10:17 AM | $4,581.62 | Rs. 467,990 | ▼ |
| 10:47 AM | $4,586.30 | Rs. 468,110 | ▲ |
| 11:17 AM | $4,584.80 | Rs. 468,070 | ▼ |
| 11:47 AM | $4,589.58 | Rs. 468,200 | ▲ |
| 12:17 PM | $4,583.86 | Rs. 468,050 | ▼ |
| 12:47 PM | $4,587.57 | Rs. 468,130 | ▲ |
| 01:17 PM | $4,602.06 | Rs. 468,510 | ▲ |
| 01:47 PM | $4,616.78 | Rs. 468,870 | ▲ |
| 02:17 PM | $4,614.81 | Rs. 468,820 | ▼ |
| 02:47 PM | $4,629.21 | Rs. 469,180 | ▲ |
| 03:17 PM | $4,616.60 | Rs. 468,870 | ▼ |
| 04:17 PM | $4,612.25 | Rs. 468,750 | ▼ |
| 04:47 PM | $4,610.56 | Rs. 468,710 | ▼ |
| 05:17 PM | $4,608.10 | Rs. 468,650 | ▼ |
| 05:47 PM | $4,605.30 | Rs. 468,590 | ▼ |
| 06:17 PM | $4,591.87 | Rs. 468,250 | ▼ |
| 06:47 PM | $4,601.95 | Rs. 468,500 | ▲ |
| 07:17 PM | $4,588.55 | Rs. 468,160 | ▼ |
| 07:47 PM | $4,591.24 | Rs. 468,230 | ▲ |
| 08:17 PM | $4,594.45 | Rs. 468,310 | ▲ |
| 08:47 PM | $4,586.47 | Rs. 468,110 | ▼ |
| 09:17 PM | $4,584.26 | Rs. 468,060 | ▼ |
| 09:47 PM | $4,589.08 | Rs. 468,180 | ▲ |
*Data collected automatically throughout the trading day.
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