ISLAMABAD: Gold prices in Pakistan eased on Thursday after touching a record Rs 410,278 per tola a day earlier, mirroring profit-taking and broader caution in global bullion markets.
Local dealers said the pullback reflects both profit-taking and reactive adjustments to international bullion dynamics.
According to the All-Pakistan Gems & Jewellers Sarafa Association (and confirmed by Business Recorder), 24-karat gold per tola slipped to nearly Rs 407,778, down Rs 2,500 from yesterday.
The 10-gram price also eased to approximately Rs 349,603. Silver, conversely, inched up, trading at around Rs 4,839 per tola.
On the international front, gold held near all-time highs as weak US employment data and the newly begun US government shutdown reinforced expectations of imminent Federal Reserve rate cuts.
Spot gold was trading at about US$3,861.99 per ounce, having hit a high of around US$3,875.32. Futures for December delivery also saw gains, hovering near US$3,900.
Analysts told Reuters that a softer dollar and heightened risk sentiment are underpinning bullion demand globally.
Dealers here believe that while local demand remains strong, particularly for gold as a hedge, further gains will depend on global cues — such as US labour data, dollar movements, and geopolitical tension. The current environment gives gold an edge, but volatility is expected.
