Gold Holds Firm at Rs386,300 as Markets Await Fed Policy Decision

KARACHI (September 16, 2025):

Gold prices in Pakistan remained unchanged on Monday, staying near record highs as global investors looked ahead to the upcoming US Federal Reserve policy decision.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold per tola stood steady at Rs386,300, while 10 grams were quoted at Rs331,189. In the international market, gold traded at $3,643 per ounce (including a $20 premium). Silver also remained flat, with the per-tola rate at Rs4,443.

📌 Global Market Outlook

• Bullion hovered close to all-time highs, supported by a weaker US dollar and declining Treasury yields.
• Market experts noted that expectations of lower US interest rates are boosting investor demand for gold.

The gold recently touched $3,685 before easing to around $3,680. “If the Fed chairman lowers interest rates, gold will likely climb further as cheaper borrowing costs encourage investment. Despite being technically overbought, a meaningful correction may not come before the Fed’s announcement.”

📌 Pakistani Rupee Update

Meanwhile, the Pakistani rupee extended its winning streak for the 27th consecutive session, closing at 281.52 against the US dollar, gaining three paisa in the interbank market.

Traders are now awaiting the Federal Open Market Committee (FOMC) decision on Wednesday, which could determine whether gold pushes into fresh record territory or sees a short-term correction.