Key Points
- 24K Gold (Per Tola): PKR 386,500
- 24K Gold (Per 10 Grams): PKR 332,400
- 22K Gold (Per Tola): PKR 355,369
- Global Spot Gold Price: $3,685.02 per ounce
- Global Spot Silver Price: $42.73 per ounce
ISLAMABAD: Gold prices in Pakistan remained largely unchanged on Thursday, with 24-karat gold trading at PKR 386,500 per tola, according to the All Pakistan Gems and Jewellers Association (APGJSA).
The association added that 22-karat gold was priced at PKR 355,369 per tola, reflecting stability in the local market amid steady demand.
Silver Prices: APGJSA officials noted that silver also saw minor gains, with prices rising to PKR 4,418 per tola and PKR 3,787 per 10 grams, supported by firm international rates.
Global Market Trends: According to Reuters, international gold prices edged up slightly to $3,685.02 per ounce, while silver edged up to $42.73 per ounce, driven by ongoing investor interest amid global economic uncertainty. The report added that global demand for precious metals continues to provide underlying support to domestic prices.
Currency Impact: The Pakistani Rupee remained stable against the US Dollar, hovering around 285 PKR to a USD, in the open market, according to the APGJSA, helping local gold prices hold steady despite minor international fluctuations.
Market Outlook: Analysts told Dawn News that gold prices may experience moderate volatility in the coming sessions as global economic indicators and currency trends continue to influence investor behaviour. They advised buyers to monitor both domestic and international market developments.
