Key Points
- Gold per tola maintains its recent peak, with little intra-day movement
- 10-gram 24K gold also remains stable
- International bullion markets show limited volatility
- Traders eye currency fluctuations and global cues for next shift
ISLAMABAD: Gold in Pakistan remained firm on Friday, as local rates held at record highs amid muted international movement and sustained domestic demand, according to the All-Pakistan Gems, Jewellers & Sarafa Association (APGJSA).
As per APGJSA’s latest rates, gold per tola (24 karat) was sold at Rs 407,778 — unchanged from the previous session — while 10-gram 24K gold fetched Rs 349,603. The association also noted that the international gold price remained steady at $3,865 per ounce (plus a premium of $20). In the same vein, silver per tola held firm at Rs 4,839, with no change recorded for the day.
Market dynamics & underlying factors
Traders observe that the stability in domestic rates stems from a balanced interplay of supply and demand, coupled with limited volatility in global markets. With the international gold price holding steady, there was little impetus for local rates to move sharply in either direction.
Outlook & risks
Looking ahead, the market will closely watch global cues — especially U.S. dollar strength, inflation data, and central bank actions. On the local front, any change in forex dynamics or import duty structure could trigger a repricing. For now, gold appears to be in a consolidation phase at elevated levels, with upside likely only if external momentum turns decisively favourable.
