Gold prices in Pakistan remained largely unchanged on Saturday, with the local bullion market showing stability despite continued fluctuations in international gold prices. Market analysts said traders are closely monitoring global economic developments, including U.S. monetary policy and currency movements, which continue to influence precious metal prices.
According to the latest market rates, 24-karat gold is trading at Rs432,236 per tola, while 10 grams of 24K gold are priced at Rs368,985. Meanwhile, 22-karat gold is available at approximately Rs403,896 per tola, with silver trading at Rs6,664 per tola.
Internationally, gold is trading at around $4,098 per ounce, with prices remaining under pressure after recent market volatility. Analysts say expectations of tighter U.S. monetary policy and a stronger dollar have weighed on bullion prices, although gold continues to attract investors seeking a safe-haven asset during periods of economic uncertainty.
Local bullion dealers noted that Pakistan’s gold prices are largely determined by international market trends and the exchange rate of the Pakistani rupee against the U.S. dollar. Any significant movement in either factor is expected to influence domestic prices when trading activity resumes.
Despite recent global fluctuations, market participants remain optimistic about long-term demand for gold as an investment and a store of value. Investors are advised to monitor international developments and local currency movements before making buying or selling decisions, as both factors play a key role in determining future price trends.
Also read: Gold Prices Drop Sharply Following Global Decline
