Gold prices rose in Pakistan on Tuesday, according to data collected by FXSTERET.
The price of gold stood at 30,315.32 Pakistani rupees (PKR) per gram, an increase compared to 30,132.91 pkr that cost on Monday.
The price of gold increased to 353,585.50 pkr per tola from 351,464.40 pkr per tola from the previous day.
| Unit of measure | Gold Price in PKR |
|---|---|
| 1 gram | 30,315,32 |
| 10 grams | 303,150.00 |
| Tola | 353,585.50 |
| Troy ounce | 942,912.60 |
What moves the market today: the price of gold rises while US yields and the US dollar falls
Xau/USD is driven by the fall in the yields of the US Treasury Bonds, with the 10 -year Treasury Note performance by 4,242%, a decrease of three basic points. The real US yields, which are calculated by subtracting inflation expectations of the nominal performance, also lower three basic points to 1,952%.
Regarding trade, the US and China are solving previous problems related to the rare land minerals agreement, and Canada has eliminated its digital services tax for US technology companies, contributing to an optimistic feeling in the market that is limiting gold prices.
The expectations that the Federal Reserve will soften the policy in more than 60 basic points (PBS) in 2025, probably supporting gold prices, which prosper in periods of lower interest rates and geopolitical uncertainty.
Citi expects gold prices to return to between $ 2,500 and $ 2,700 in the second half of 2026.
The approval of the “One Big Beautiful Bill” of Trump will probably increase the fiscal deficit by 3.8 billion dollars, which could further weaken the dollar and increase the appetite for the precious metal.
The manufacturing PMI ISM of June is expected to improve 48.5 to 48.8. Regarding employment data, it is projected that the change of employment ADP improves 37,000 private jobs added to the workforce to 85,000.
Analysts estimate that June non -agricultural payroll figures will show that the labor market is effectively cooling, projecting at 110,000, below May 139,000.
Monetary markets suggest that operators are discounting 63.5 basic flexibility points towards the end of the year, according to Prime Market Terminal data.
FXSTERET calculates gold prices in Pakistan by adapting international prices (USD/PKR) to the local currency and the units of measure. Prices are updated daily according to market rates taken at the time of publication. Prices are only reference and local rates could diverge slightly.
FAQS GOLD
Gold has played a fundamental role in the history of mankind, since it has been widely used as a deposit of value and a half of exchange. At present, apart from its brightness and use for jewelry, precious metal is considered an active refuge, which means that it is considered a good investment in turbulent times. Gold is also considered a coverage against inflation and depreciation of currencies, since it does not depend on any specific issuer or government.
Central banks are the greatest gold holders. In their objective of supporting their currencies in turbulent times, central banks tend to diversify their reserves and buy gold to improve the perception of strength of the economy and currency. High gold reserves can be a source of trust for the solvency of a country. Central banks added 1,136 tons of gold worth 70,000 million to their reservations in 2022, according to data from the World Gold Council. It is the largest annual purchase since there are records. The central banks of emerging economies such as China, India and Türkiye are rapidly increasing their gold reserves.
Gold has a reverse correlation with the US dollar and US Treasury bonds, which are the main reserve and shelter assets. When the dollar depreciates, the price of gold tends to rise, which allows investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rebound in the stock market tends to weaken the price of gold, while mass sales in higher risk markets tend to favor precious metal.
The price of gold can move due to a wide range of factors. Geopolitical instability or fear of a deep recession can cause the price of gold to rise rapidly due to its condition of active refuge. As an asset without yield, the price of gold tends to rise when interest rates lower, while the money increases to the yellow metal. Even so, most movements depend on how the US dollar (USD) behaves, since the asset is quoted in dollars (Xau/USD). A strong dollar tends to keep the price of gold controlled, while a weakest dollar probably thrusts gold prices.
(An automation tool was used to create this publication.)
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
