Unstable Gold Market, What To Do?

Gold Market Update – April 24, 2025

The gold market experienced a sharp rebound today, recovering from a major dip in the previous session. As of April 24, spot gold rose by 1.6% to $3,340.79 per ounce, after falling 3% on April 23 – the largest one-day drop since November.

In Pakistan, gold prices followed the global trend. As per local updates:

• The rate for 24K gold reached approximately PKR 224,500 per tola in major cities like Karachi and Lahore.
• 22K gold was priced around PKR 205,800 per tola, depending on city and market fluctuations.

What’s Driving the Market?

The market’s recent volatility is tied to mixed signals from the U.S. regarding possible new tariffs on China. This uncertainty has pushed investors towards safe-haven assets such as gold.

Short-Term Forecast

Analysts believe:

• If prices break above $3,395, gold could surge toward $3,615.
• If prices fall below $3,135, we might see a decline down to the $3,025 level.

Outlook for April 25, 2025

For the next business day, gold prices are expected to stay volatile. Global predictions place gold around $3,258.45 per ounce, with local rates likely to remain high due to currency pressure and demand fluctuations in Pakistan.

Conclusion

Investors should keep a close eye on:

• International trade developments
• USD-PKR exchange rates
• Local market demand

With the current uncertainty, a cautious and well-informed approach is recommended.