Gold prices rose in Pakistan on Friday, according to data compiled by FXStreet.
The price for Gold stood at 30,469.68 Pakistani Rupees (PKR) per gram, up compared with the PKR 30,405.88 it cost on Thursday.
The price for Gold increased to PKR 355,384.40 per tola from PKR 354,648.20 per tola a day earlier.
| Unit measure | Gold Price in PKR |
|---|---|
| 1 Gram | 30,469.68 |
| 10 Grams | 304,691.20 |
| Tola | 355,384.40 |
| Troy Ounce | 947,713.60 |
Daily digest market movers: Gold price glued to $3,300 as strong US jobs data exerts pressure
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Gold price steadied after the latest Initial Jobless Claims report for the week ending July 5 revealed that 227,000 people filed for claims, below forecasts of 235,000 and the previous reading of 232,000. Even though the data suggests some strength in the labor market, Continuing Claims rose to its highest level in three and a half years, up at 1.97 million in the previous week.
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Lately, Fed Chair Jerome Powell pointed out that in the current low-hiring and low-firing environment, any increase in layoffs could rapidly push up the Unemployment Rate.
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St. Louis Fed President Alberto Musalem said that the economy is in a good place and that the labor market is at or near full employment. He added that risks on inflation are tilted to the upside due to tariffs, that their effect has not been seen, and a weakened US Dollar could add to inflation.
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The latest FOMC Minutes revealed that some Fed officials do not anticipate a rate cut in 2025, although the majority see one rate cut as appropriate. Board members cited inflation pressure remaining high, along with inflation expectations edging up and ongoing economic resilience. All participants viewed the current policy rate as appropriate. Participants agreed that stagflationary risks had diminished, though they remain elevated.
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On Wednesday, the US President Donald Trump emphasized that he would apply 10% additional tariffs to countries aligning themselves with anti-American policies of the BRICS.
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Another reason for halting Bullion’s drop is that Gold ETFs presented their most significant inflow, according to the World Gold Council. “Gold ETFs recorded an inflow of $38 billion in the first half of 2025, with their collective holdings rising by 397.1 metric tons of Gold,” with inflows seeing the most significant jump since August 2022.
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Data from the Chicago Board of Trade revealed that market players are eyeing 50 basis points (bps) of easing in 2025.
FXStreet calculates Gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and measurement units. Prices are updated daily based on the market rates taken at the time of publication. Prices are just for reference and local rates could diverge slightly.
Gold FAQs
Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.
Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.
(An automation tool was used in creating this post.)