The gold market in Pakistan witnessed a significant upswing today, closing at Rs. 518,650, marking an impressive increase of Rs. 9,380 from the morning opening rate of Rs. 509,270. This substantial rise in the local gold prices is reflective of the current trend seen in the international market.
Today’s trading session was marked by heightened investor interest, as the international gold price was recorded at $5054.61. The upward momentum in the global market has been a driving force for the local gold rates, as investors seek safe-haven assets amidst economic uncertainties.
The surge in gold prices can be attributed to various factors including fluctuating currency rates and geopolitical tensions which often drive investors towards the stability of precious metals. As a result, the demand for gold in the local market has seen a notable increase, influencing the price trajectory positively.
Market analysts suggest that this bullish trend may continue if the international market sustains its current momentum. Gold, being a universally recognized store of value, tends to perform well during times of economic instability, and the current market dynamics are favoring its growth.
For local investors and traders, this rise presents both an opportunity and a challenge. While potential profits are enticing, the increased prices may also mean higher procurement costs for those looking to invest or purchase gold in the near future.
As the week progresses, stakeholders in the Pakistani gold market will be keenly observing international cues and domestic factors that may influence further price movements. Stay tuned to ProPakistani for the latest updates and insights on the gold market trends.
Today’s Gold Price Market History
| Time | Intl Gold ($) | Local (Rs) | Status |
|---|---|---|---|
| 12:17 AM | $5,038.89 | Rs. 509,270 | |
| 12:47 AM | $5,050.60 | Rs. 509,560 | ▲ |
| 01:17 AM | $5,057.71 | Rs. 509,740 | ▲ |
| 01:47 AM | $5,075.80 | Rs. 510,190 | ▲ |
| 02:17 AM | $5,073.78 | Rs. 510,150 | ▼ |
| 02:47 AM | $5,086.96 | Rs. 510,480 | ▲ |
| 03:17 AM | $5,086.12 | Rs. 510,450 | ▼ |
| 03:47 AM | $5,077.81 | Rs. 510,240 | ▼ |
| 04:17 AM | $5,075.73 | Rs. 510,190 | ▼ |
| 04:47 AM | $5,061.17 | Rs. 509,820 | ▼ |
| 05:47 AM | $5,064.37 | Rs. 509,910 | ▲ |
| 06:17 AM | $5,069.32 | Rs. 510,030 | ▲ |
| 06:47 AM | $5,100.10 | Rs. 510,800 | ▲ |
| 07:17 AM | $5,092.82 | Rs. 510,620 | ▼ |
| 07:47 AM | $5,088.86 | Rs. 518,890 | ▲ |
| 08:17 AM | $5,096.36 | Rs. 519,070 | ▲ |
| 08:47 AM | $5,091.73 | Rs. 518,960 | ▼ |
| 09:17 AM | $5,092.53 | Rs. 518,980 | ▲ |
| 09:47 AM | $5,091.53 | Rs. 518,960 | ▼ |
| 10:17 AM | $5,088.54 | Rs. 518,880 | ▼ |
| 10:47 AM | $5,092.14 | Rs. 518,970 | ▲ |
| 11:17 AM | $5,087.99 | Rs. 518,860 | ▼ |
| 11:47 AM | $5,087.52 | Rs. 518,850 | ▼ |
| 12:17 PM | $5,090.70 | Rs. 518,930 | ▲ |
| 12:47 PM | $5,084.87 | Rs. 518,790 | ▼ |
| 01:17 PM | $5,081.45 | Rs. 518,700 | ▼ |
| 01:47 PM | $5,069.94 | Rs. 518,440 | ▼ |
| 02:17 PM | $5,067.91 | Rs. 518,980 | ▲ |
| 02:47 PM | $5,087.21 | Rs. 519,470 | ▲ |
| 03:17 PM | $5,089.49 | Rs. 519,520 | ▲ |
| 03:47 PM | $5,083.83 | Rs. 519,380 | ▼ |
| 04:17 PM | $5,101.54 | Rs. 519,800 | ▲ |
| 04:47 PM | $5,082.14 | Rs. 519,330 | ▼ |
| 05:17 PM | $5,092.90 | Rs. 519,600 | ▲ |
| 05:47 PM | $5,100.01 | Rs. 519,810 | ▲ |
| 06:17 PM | $5,083.40 | Rs. 519,370 | ▼ |
| 06:47 PM | $5,072.61 | Rs. 519,100 | ▼ |
| 07:17 PM | $5,047.89 | Rs. 518,490 | ▼ |
| 07:47 PM | $5,029.40 | Rs. 518,010 | ▼ |
| 08:17 PM | $5,043.87 | Rs. 518,380 | ▲ |
| 08:47 PM | $5,044.58 | Rs. 518,400 | ▲ |
| 09:17 PM | $5,054.61 | Rs. 518,650 | ▲ |
| 09:47 PM | $5,054.61 | Rs. 518,650 | – |
*Data collected automatically throughout the trading day.
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