Gold | Pakistan

Gold prices dipped on Thursday as the US dollar firmed after stronger-than-expected January jobs data dented expectations for near-term interest rate cuts, while investors awaited inflation data due on Friday for more monetary policy cues. Spot gold edged 0.3 per cent lower to $5,063.11 per ounce by 04:53 GMT. It closed Wednesday with a more than 1pc gain. US gold futures for April delivery lost 0.3pc to $5,083.90 per ounce. “The stronger jobs report leading to a slight pare back in Fed rate-cut expectations may have played a role in gold’s lacklustre move,” said Christopher Wong, a strategist at OCBC. The US dollar index rose following the surprisingly strong employment report that suggested underlying US economic health. A stronger dollar makes greenback-priced metals more expensive for other currency holders. “Sensitivity to the dollar, yield repricing, and uncertainty around Fed policy should continue to pose two-way risks for gold in the interim,” Wong said. US job growth unexpectedly accelerated in Janu...

Gold and silver prices rose on Wednesday as US Treasury bond yields fell after data showed December retail sales growth stalled, signalling a softening economy ahead of key jobs data. Lower US yields reduce the opportunity cost of holding non‑yielding assets such as gold, and they often accompany macroeconomic shifts, like expectations of slower growth or looser policy, that tend to support precious metals. Spot gold was 0.7 per cent higher at $5,057.23 per ounce by 04:23 GMT. US gold futures for April delivery gained 1pc to $5,081.40 per ounce. Spot silver was up 2.3pc at $82.56/oz, after falling more than 3pc in the previous session. “Over the last couple of weeks, (precious metals) became very dislocated from fundamentals, so it pretty much decoupled from interest rate policy. Yields being lower are obviously supportive of gold today,” said Kyle Rodda, a senior market analyst at Capital.com. US yields fell on Tuesday after a raft of data suggested the economy may be softening, giving the US Federal Reserve...

Gold and silver prices fell sharply in a broader market selloff on Thursday, as an advance in the dollar to a near two-week high and signs of easing US-China trade tensions added further pressure on the precious metals. Spot gold declined 2.5 per cent to $4,838.81 per ounce, as of 05:35am GMT (10:35am PST), retreating from a near one-week high hit earlier in the session. US gold futures for April delivery dropped 1.9pc to$4,855.60 per ounce. “The dollar received a new lease of life with the (Kevin) Warsh nomination (as Federal Reserve chief), and the currency has been able to keep making forward progress … traders are more circumspect now on gold in light of recent extreme volatility,” Tim Waterer, KCM chief trade analyst, said. The dollar rose to a near two-week high on Thursday, making greenback-priced gold more expensive for other currency holders. “Sentiment (has) turned soggy across most asset classes, including precious metals, cryptocurrencies and regional equities, with losses feeding into one another...

Gold prices extended gains on Wednesday on safe-haven appeal, as renewed geopolitical tensions between the US and Iran added to the yellow metal’s recent upswing that saw it mark its best day since 2008 in the previous session. Spot gold gained 2.7 per cent to$5,071.79 per ounce as of 03:53 GMT, after surging 5.9pc on Tuesday, its biggest daily gain since November 2008. Bullion scaled a record high of $5,594.82 last Thursday. US gold futures for April delivery climbed 3.2pc to $5,092.0 per ounce. “Gold has climbed back about the key $5,000 level, … (as) geopolitical tensions have lifted the metal’s safe-haven appeal after US forces downed an Iranian drone,” said Jigar Trivedi, a senior research analyst at IndusInd Securities. The US military on Tuesday shot down an Iranian drone that “aggressively” approached the Abraham Lincoln aircraft carrier in the Arabian Sea, the US military said, in an incident first reported by Reuters. Nuclear talks between the US and Iran are expected to take place in Oman on Friday...

Gold and Asian stocks were on the rebound on Tuesday as trade took a calmer tone after wild swings in metals markets and a deal to cut US tariffs on India helped the mood, while the Australian dollar rose after an interest rate hike. Australia’s central bank joined Japan as the only developed-world economy to tighten policy, saying above-target inflation and a tight labour market justified a unanimous decision to lift the cash rate 25 basis points to 3.85 per cent. Markets had mostly anticipated the move, though are now rushing to price in a follow-up in May, which was enough to push the Aussie about 1pc higher and over 70 US cents. India’s rupee, and stocks cheered an announcement by US President Donald Trump that tariffs on Indian goods would be cut from 50pc to 18pc in return for New Delhi halting Russian oil purchases and lowering trade barriers. Details, however, were scarce. Elsewhere, Japan’s Nikkei jumped 4pc to recoup Monday’s losses, and South Korea’s KOSPI rose 5pc. S&P 500 futures ESc1 were up 0.1...

Gold slid more than 4 per cent on Friday on rumours the Federal Reserve could get a more hawkish chair, but was still on track for its strongest monthly gain since 1980 as investors flocked to the safe haven amid lingering geopolitical and economic strains. Spot gold lost 3pc to $5,232.57 per ounce, as of 05:20 GMT, after falling more than 5pc earlier. It scaled a record high of $5,594.82 on Thursday. Prices have risen more than 20pc so far in January, heading for a sixth straight monthly gain and the largest monthly advance since 1980. US gold futures for February delivery fell 1.8pc to $5,225.0 per ounce on Friday. “So, a potentially less dovish Fed Chairman pick, a rebound in the dollar, and gold giving way to overbought conditions have contributed to the decline in the price of the precious metal,” KCM Chief Trade Analyst Tim Waterer said. US President Donald Trump said on Thursday he intends to announce his pick to replace Fed Chair Jerome Powell on Friday, with speculation intensifying that the nod will...

Gold broke through $5,200 for the first time on Wednesday, as the dollar plunged to a near four-year low amid persisting geopolitical concerns, ahead of a US Federal Reserve monetary policy decision. Spot gold jumped 1.4 per cent to $5,262.66 per ounce, as of 05:58 GMT, after scaling a record high of $5,266.37 earlier. It has gained more than 20pc since the start of the year. US gold futures for February delivery surged 3.4pc to $5,255.30 per ounce. “(Gold’s rise) is due to the very strong indirect correlation with the dollar and … Trump’s remark to a casual question about the dollar, which implied that (there is) a broad-based consensus within the White House to have a weaker greenback going forward,” said Kelvin Wong, a senior market analyst at OANDA. The US dollar was grappling with a “crisis of confidence” as it struggled near four-year lows, exacerbating dollar selling, after President Donald Trump said the currency’s value is “great” when asked whether he thought it had declined too much. US consumer co...

Gold surged to a record high above $5,100 an ounce on Monday, extending a historic rally as investors piled into the safe-haven asset amid rising geopolitical uncertainties. Spot gold was up 2.2 per cent at $5,089.78 per ounce by 6:56am GMT, after earlier touching an all-time high of $5,110.50. US gold futures for February delivery also gained the same amount to $5,086.30 per ounce. The metal soared 64pc in 2025, its biggest annual gain since 1979, driven by safe-haven demand, US monetary policy easing, robust central bank purchases including China’s fourteenth straight month of buying in December, and record inflows into exchange-traded funds. Prices have set consecutive record peaks over the past week and have already risen more than 18pc this year. The latest catalyst “is effectively this crisis of confidence in the US administration and US assets, that was set off by some of the erratic decision-making from the Trump administration last week”, said Kyle Rodda, a senior market analyst at Capital.com. US Pr...

KARACHI - Gold surged to a fresh record above Rs500,000 per tola for the first time on Wednesday, buoyed by safe-haven demand and a softer dollar.

BENGALURU: Gold and silver hit record highs on Monday, driven by a flight to safety after US Presi­dent Donald Trump warn­ed of extra tariffs on some European countries in a dispute over Greenland. Spot gold jumped 1.7 per cent to $4,672.49 an ounce by 12:05pm ET (1705 GMT), after scaling a record peak of $4,689.39. US gold futures for February delivery advanced 1.8pc to $4,677.70 an ounce. Trump threatened several European allies with a series of escalating tariffs on Saturday unless the US is allowed to buy Greenland, intensifying a dispute over Denmark’s vast Arctic island. Markets expect the Fed to leave rates on hold at its meeting over January 27-28 but are pricing in at least two cuts of 25 basis points this year. Elsewhere, spot silver climbed 5pc to $94.41 an ounce after hitting a record high of $94.61. Silver has risen more than 32pc since the start of the year. Analysts at Citi Research said they remain tactically bullish on precious metals, setting price targets of $5,000 an ounce for gold and $10...

Gold prices witnessed a significant decline on Saturday in both international and domestic markets, offering some relief to buyers after days of sharp fluctuations.

Gold prices witnessed a significant drop in Pakistan on Monday, in line with a downturn in international markets, according to the All Pakistan Sarafa Gems and Jewellers Association.

Gold surged past the $4,500-an-ounce mark for the first time on Wednesday, while silver and platinum also scaled record highs, as investors piled into precious metals on safe-haven demand and expectations that US interest rates will fall further next year. Spot gold rose 0.1 per cent to $4,492.51 per ounce by 3:59am GMT (8:59am PKT), after touching a record high of $4,525.19 earlier in the session. US gold futures for February delivery climbed 0.3pc to a record high of $4,520.60. Silver gained 1.2pc to $72.27 an ounce, after hitting an all-time peak of $72.70 earlier, while platinum jumped 3.3pc to $2,351.05 after rising to a historic high of $2,377.50. Palladium climbed almost 2pc to $1,897.11, its highest level in three years. “Precious metals have become more of a speculative narrative around the idea that, with de-globalisation, you need an asset that can act as a neutral go-between, without sovereign risk particularly as tensions between the US and China persist,” said Ilya Spivak, head of global macro a...

Gold prices surged to a record high on Monday, riding on growing expectations of further US interest rate cuts and strong safe-haven demand, with silver also joining the rally to hit an all-time peak. Spot gold rose 1.2 per cent to a record $4,391.92 an ounce, while spot silver climbed 2.7opc by 0344GMT to hit a historic high of $69.23. Bullion has gained 67pc so far this year, shattering multiple records and breaching the $3,000 and $4,000 per ounce milestones for the first time. It is poised for its biggest annual gain since 1979. Silver has surged 138pc year-to-date, vastly outperforming gold, underpinned by robust investment inflows and persistent supply constraints. “With December usually producing positive returns for gold and silver, seasonality is on their side,” said StoneX senior analyst Matt Simpson. “Given that gold has already risen 4pc this month and we’re nearing the end of the year, bulls may want to tread with caution as volumes are to deplete and odds of profit-taking are also likely on the ...

Gold prices in Pakistan surged sharply, with the per tola rate rising by Rs5,900 to reach Rs435,762, according to the All-Pakistan Gems and Jewellers Association.

Gold prices broke $4,000 for the first time on Wednesday as investors piled into the safe haven over expectations for United States interest rate cuts and worries over the US government shutdown. In Pakistan, 24-karat gold price was recorded at Rs425,178 per tola and Rs365,421 per 10 grammes, according the All Pakistan Sarafa Gems and Jewellers Association. The prices were based on the exchange rate in the interbank market. The global rally in the precious metal also came after concerns that a tech-fuelled rally that has sent some equity markets to record highs may have gone too far, fanning talk of an asset bubble. Traders have been piling into gold all year, pushing it up more than 50 per cent since the turn of the year, on the back of a range of issues including global economic uncertainty, Donald Trump’s trade war and geopolitical crises. Its allure was increased further this week by political turmoil in France, where the country’s prime minister resigned and President Emmanuel Macron’s former premier urg...

KARACHI: Gold prices in both international and local markets surged to record highs on Monday, driven by expectations of further US interest rate cuts and rising demand for safe-haven assets amid global uncertainty. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the international gold price rose by $34 to reach $3,719 per ounce. In the domestic market, the price of 10 grams (24kt) increased by Rs2,915 to Rs337,534, while one tola rose by Rs3,400 to Rs393,700. Silver also followed the upward trend. The domestic rates for 10 grams and one tola (24kt) climbed to Rs3,939 and Rs4,595 respectively, reflecting increases of Rs54 and Rs63. The international silver price stood at $43.68 per ounce. Gold dealers attributed the sharp rise to global developments, citing recent international media reports. The US Federal Reserve last week cut its benchmark interest rate by 25 basis points — its first reduction since December — triggering speculation about further easing, which typically suppor...

ISLAMABAD: Gold rates have continued to rise in Pakistan, with a further increase recorded on Monday, 21 July 2025, according to the All Pakistan Sarafa Gems and Jewellers Association. The price of 24 karat per tola gold increased by Rs3,600 and was traded at Rs361,200 on Monday as compared to its sale at Rs357,600 on […]

June 9, 2025: Gold prices edged higher on Monday, supported by a weaker US Dollar (USD), as market participants kept a close eye on the ongoing U.S.-China trade talks. Spot gold rose 0.6% to $3,329.70 an ounce, as of 1128 ET (1528 GMT), after dropping to a more than one-week low earlier in the session. […]