Key Points
- Local gold dips as global market trends weigh on sentiment
- 24K gold at PKR 396,800 per tola, 22K at PKR 363,827
- Silver holds steady at PKR 4,663 per tola
- International spot gold near $3,734 per ounce
ISLAMABAD: Gold prices declined nominally in the domestic market on Thursday, tracking international weakness as investors turned cautious ahead of key global economic indicators.
Dealers said the decline reflected both softer demand and alignment with international spot values. According to the All Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold fell by PKR 2,000 to settle at PKR 396,800 per tola, while the 10-gram rate dropped by PKR 1,714 to PKR 340,192. The association further reported that 22-karat gold was quoted at PKR 363,827 per tola.
In parallel trade, APGJSA officials told Business Recorder that silver prices held steady, with per tola silver recorded at PKR 4,663 and 10-gram silver at PKR 3,778.
On the global front, spot gold was reported trading at $3,734.04 per ounce, data compiled by Business Recorder indicated that a firm dollar and profit-taking trimmed earlier gains. Market analysts noted that the international retreat limited the domestic upside despite relative stability registered in the rupee.
Traders said sentiment may remain fragile until fresh cues emerge from U.S. monetary policy signals and global inflation readings, which could dictate near-term flows into safe-haven assets.
