Gold prices rose in Pakistan on Friday, according to data collected by FXSTERET.
The price of gold stood at 30,469.68 Pakistani rupees (PKR) per gram, an increase compared to 30,405.88 pkr that cost Thursday.
The price of gold increased to 355,384.40 pkr per tola from 354,648.20 pkr per tola from the previous day.
| Unit of measure | Gold Price in PKR |
|---|---|
| 1 gram | 30,469.68 |
| 10 grams | 304,691.20 |
| Tola | 355,384.40 |
| Troy ounce | 947,713.60 |
What moves the market today: the price of gold is maintained at $ 3,300 while the solid US employment data
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The price of gold stabilized after the last report of initial unemployment subsidy for the week that ended on July 5, revealed that 227,000 people requested subsidies, below the forecasts of 235,000 and the previous reading of 232,000. Although the data suggest some strength in the labor market, continued requests increased to its highest level in three and a half years, reaching 1.97 million in the previous week.
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Recently, the president of the FED, Jerome Powell, said that in the current environment of low hiring and dismissals, any increase in layoffs could quickly raise the unemployment rate.
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The president of the Fed of St. Louis, Alberto Musalem, said that the economy is in a good place and that the labor market is in or near full employment. He added that the risks on inflation are inclined up due to tariffs, whose effect has not been seen, and a weakened US dollar could contribute to inflation.
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The latest FOMC minutes revealed that some Fed officials do not anticipate a rate cut in 2025, although most consider that a cut is appropriate. The council members cited that the inflationary pressure remains high, together with the inflation expectations that increase and the ongoing economic resilience. All participants considered that the current policy rate is appropriate. The participants agreed that the risks of stagflation had decreased, although they remain high.
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On Wednesday, US President Donald Trump emphasized that it would apply 10% additional tariffs to countries that are aligned with BRICS anti -American policies.
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Another reason to stop the fall of the ingot is that the Golden ETFs presented their highest capital entrance, according to the World Gold Council. “The Golden ETFs recorded an entrance of 38,000 million dollars in the first half of 2025, with their collective holdings by increasing by 397.1 metric tons of gold”, with tickets that saw the largest jump since August 2022.
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The data of the Chicago Board of Commerce revealed that market participants are observing 50 basic points (PBS) of relaxation in 2025.
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.
GOLD – FREQUENT QUESTIONS
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.
