The gold price in Pakistan stayed unchanged on Friday as both local and international markets showed signs of stability. The steady rates came after a sharp rise earlier in the week, indicating a pause in recent fluctuations.
According to the All Pakistan Gems and Jewellers Association, the gold price per tola held firm at Rs423,062, showing no change from the previous session. Similarly, the rate for 10 grams of gold remained stable at Rs362,707. Traders noted that the market maintained balance amid unchanged global rates.
In the international market, gold was traded at $4,007 per ounce, the same as the previous day. The lack of movement in global prices directly contributed to the calm seen in Pakistan’s bullion market. Analysts said that the current trend reflects investor caution following recent volatility in both local and global markets.
The price of silver also stayed steady, with a tola priced at Rs5,112. Market experts suggest that this stability in precious metals could continue if international rates remain unchanged over the coming days.
It is worth mentioning that a day earlier, the gold price in Pakistan had surged by Rs3,700 per tola, marking a sharp increase before today’s pause. The sudden jump was attributed to global price movements and currency adjustments.
Currently, buyers and investors are watching the market closely for any new changes in international demand or currency exchange rates. For now, however, both local jewellers and customers are experiencing a period of calm in the gold trade.
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