Latest Gold Prices

As of January 30, 2025, gold prices in Pakistan have reached unprecedented levels, reflecting both global market trends and domestic economic factors.

Jan 30, 2025 - 13:06 Updated: Jan 30, 2025 - 13:13
1
Latest Gold Prices

Current Gold Prices 

  • Per Tola (24K): Rs 289,300

  • Per 10 Grams (24K): Rs 248,030

  • Per Gram (24K): Rs 24,803

  • Per Ounce (24K): Rs 769,960

  • Per Tola (22K): Rs 265,800

  • Per 10 Grams (22K): Rs 227,360

  • Per Gram (22K): Rs 22,736

  • Per Ounce (22K): Rs 705,630

urdupoint.com

These figures indicate a significant appreciation in gold's value, influenced by various global and local dynamics.

Gold Price Trend

Due to fluctuations in international markets and exchange rates of the Pakistani rupee with the US  dollar,  prices have been trending steadily upwards. Experts predict that the prices will remain high due to global economic conditions and increasing demand.

Global Factors Influencing Gold Prices

Internationally, several factors have contributed to the surge in gold prices:

  • Central Bank Purchases:

 Emerging economies, notably China and Russia, have increased their gold reserves to diversify away from the US dollar. This trend has been driven by geopolitical tensions and a desire to mitigate reliance on the dollar.

  • Investment Demand: 

Western investors have challenged funds into gold-backed exchange-traded funds (ETFs), further driving up demand and prices.

  • Market Speculations:

 Analysts from Goldman Sachs have projected that gold prices could reach $2,700 per ounce by early 2025, citing anticipated Federal Reserve rate cuts and increased investment flows into gold.

Domestic Factors 

In Pakistan, the devaluation of the Pakistani Rupee against major currencies has made gold more expensive in local terms. Additionally, domestic inflationary pressures and a preference for gold as a barrier against economic uncertainty have bolstered demand.

Future Outlook

Looking ahead, the trajectory of gold prices will depend on several factors:

  • Monetary Policies: Decisions by major central banks, especially regarding interest rates, will influence global gold prices.

  • Geopolitical Developments: Ongoing geopolitical tensions and potential economic sanctions could drive nations and investors toward gold as a safe-haven asset.

  • Domestic Economic Conditions: In Pakistan, currency stability, inflation rates, and economic policies will play a major role in determining local gold prices.

For the latest updates, follow financial news sources and consult reliable gold rate tracking platforms daily.