The Pakistan gold price climbed sharply on Tuesday, reflecting both domestic demand and rising global safe-haven interest. According to FXStreet data, gold prices surged due to growing concerns over global economic stability and ongoing geopolitical tensions. As investors turn to gold as a secure asset, the commodity continues to break price records across international and local markets.
Latest Gold Prices in Pakistan
On April 22, the price of gold in Pakistan reached PKR 31,410.97 per gram, up from PKR 30,882.24 just a day earlier. The per tola rate also jumped, climbing to PKR 366,325.70 compared to PKR 360,204.30 on Monday. Below is the current breakdown of gold prices in Pakistani Rupees:
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1 Gram: PKR 31,410.97
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10 Grams: PKR 314,070.50
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1 Tola: PKR 366,325.70
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1 Troy Ounce: PKR 977,037.60
This significant uptick is part of a larger global trend where gold remains a top choice for investors seeking security amid economic instability.
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Safe-Haven Demand Pushes Prices Higher
The increase in gold prices is closely tied to escalating market concerns. Global investors are reacting to U.S. policy uncertainty, particularly around trade and interest rates. Former U.S. President Donald Trump’s renewed push for steep tariffs and unpredictable policy moves have spooked markets. His public criticism of Federal Reserve Chair Jerome Powell, and calls for his removal, have added to the anxiety.
Geopolitical Tensions Add to Gold’s Appeal
Beyond monetary concerns, geopolitical instability is further pushing investors toward gold. Russian military actions in Ukraine, including the recent launch of 96 drones and three missiles after a short Easter ceasefire, have intensified global uncertainty. These developments add weight to gold’s position as a reliable store of value during times of conflict.
What to Watch Next
Investors and market analysts are now eyeing key economic indicators. The Richmond Manufacturing Index in the U.S., along with speeches from Federal Open Market Committee (FOMC) members, could influence the Dollar and gold markets. However, the main focus will shift to Wednesday’s flash Purchasing Managers’ Index (PMI) releases. These numbers will provide fresh insights into global economic health and may drive further demand for gold.
In this climate of uncertainty, Pakistan’s rising gold prices mirror the broader global sentiment. As economic and political instability persist, gold continues to shine as a preferred safe-haven asset.
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