Gold Price Today | Gold Rate in Pakistan – 13 June
First, let me share with you the update on the gold price. Yesterday, the rate was Rs 3,55,820. And in Bathur, it is Rs 3,52,500.
This is the history. And this is the rate of Rawalpindi. And this is the rate of Faisalabad, Rs 3,48,500.
While in Karachi, it is Rs 3,54,200. In Peshawar city, it is Rs 12,150. Accordingly, it is Rs 3,65,000.
While in Sargodha city, it is Rs 3,48,000. And apart from this, in Banu city, it is Rs 3,49,500. The rate that I have shared with you is the rate of yesterday.
And I have shared this quickly with you.
Gold Market Activity During Eid
Now, I will tell you what happened in 10 days. The 10 days that have passed, were the days of Eid. Because of which, the markets were closed. And the international market had increased. But in Pakistan, the rate did not increase in that way.
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So, there was no special update.
I said that after Eid, in Pakistan, there is some such system, both internationally and locally, that after Eid, the rate increases. Something like this happens.
Timing of Gold Selling and Buying
So, those who have gold, which is old, which you have been holding for a long time, when the market went up to Rs 3,500 or Rs 3,400, at that time, you did not sell. That gold.
And apart from this, if someone wants to do fresh buying, then before Eid, do your fresh buying. After Eid, you will get a chance.
Market Closures and Local Impact
Today is Friday. From Friday to Friday, the market is closed in Sargodha city. Tomorrow is Saturday. The markets will be open tomorrow.
This is the reason that in Sargodha city, there is no increase in the rate because there is no demand.
Lack of Demand Affecting Rates
So, till now, the whole week has passed. There is no demand. There is no new demand. Because of which, the rate of gold is not increasing in that way.
The market has reached almost 3400. It had gone till 3388. But still, according to the calculation, if the rate is calculated, still, our rate is very low.
As I told you, there is no demand. Till when a new buyer will not buy it.
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And a new buyer buys it when he is sure that the rate will increase.
Current Market Behavior
And apart from this, in the market, at this time, everyone knows that these points are the selling points. Because of which, the rate does not increase in that way.
So, anyway, whatever the situation is, when the rate is last, that is, before Eid, the people whom I told about buying, for them, now the rate has increased. In today’s day.
Now, how much will our rate increase at the local level, this will be known when the day starts.
So, it is a simple and simple thing that the people whom I told about buying before Eid, there is a chance for them. In front of you, at this time, no matter how much the rate has increased, you can take profit from it.
Otherwise, whether the rates increase or not at the local level, I can’t say anything about this. It totally depends on demand and supply.
Market Peaks and Patterns
The last high, the second last, that was about 3440. 3440, the market has touched almost first. 3444, it has touched. At this time, it is present at about 3427.
Now, this market will stop here. It will stay. Now, it will wait.
International Influence on Local Rates
The rest is an external thing. There is no science in this.
But, if, for example, Iran attacks, and, after that, as I have told you, the all-time hype, which has gone to 3500, the market comes back after touching it. After that, if the matter stops for some time, then, this market can come down a little.
Selling Strategy for Gold Investors
So, in that case, those friends who have bought gold, before that, before that, or, when the market went to 3500 earlier, when you, that is, bought at high rates.
But, but, but, the international market, no doubt, our international market has increased, but, our local rate, will not go to that place.
Earlier, it went to 390, it went to 3500, at that level, it will not go now.
This rate will only come, when, there will be a demand in the market, when, it will be believed, that the rate will really increase.
Local Rate Management
In that case, it will go. Otherwise, the market, the locals, that is, those who run our rate, or, those who increase the rate, or, those who manage, for now, they will not increase the rate.
When, they buy gold from you, after that, there will be a chance, then, in that case, they will increase the gold.
Final Thoughts
Rest, it is up to you. If you want to sell something, then, it is up to you.
If you want, that no, no, our rate will come, 88, 90, 85, the rate at which you have bought, whose high rate, that is up to you. Will it come now, at this time, or not? That, now, I can’t say anything, about that.
More rate, will increase, in that case, when the market, will go above 3500. Above 3500, means, the market will go to 3600, which, at this time, in the current situation, does not seem to be.
If, such a situation arises, in that case, our local rate, can go up.
For example, the previous high, 3,95, 90, or, towards 4,00,000. Towards 4,00,000, in that case, if the market, will go to 3600.
Otherwise, if the market, will go above 3500, then, the market, will not even touch 80. Even, if it goes to 70, then, it will be a big thing, in these days.