After two consecutive days of decline, the Gold market in Pakistan remained stable on Tuesday, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The latest data showed no change in prices compared to the previous trading session.
The price of 24-carat Gold stayed at Rs 444,900 per tola, while 10 grams of 24-carat Gold were sold at Rs 381,430. Similarly, 10 grams of 22-carat Gold stood at Rs 349,656, indicating no significant fluctuation.
In the international market, Gold also remained unchanged at $4,235 per ounce, reflecting a period of calm after recent volatility. Analysts said the global market is taking a pause as investors wait for economic updates and central bank signals.
Silver Prices Stay Unmoved
Alongside Gold, silver prices in Pakistan also remained steady. The rate of silver per tola stood at Rs 5,261, while 10 grams of silver were priced at Rs 4,510. Internationally, silver traded at $51.60 per ounce, showing little movement.
Market experts attributed the stability in Gold and silver prices to the recent balance between global supply and demand trends. They added that fluctuations in exchange rates and international bullion prices had earlier driven short-term changes in local rates.
The association noted that local prices are determined based on the interbank exchange rate and movements in the international Gold market. Traders said that although the current rates are steady, any shift in global prices or currency exchange could lead to adjustments in the coming days.
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The stable Gold rates offer temporary relief to buyers and jewellers after a week of uncertainty. However, experts suggest that investors remain cautious as market dynamics can change quickly due to geopolitical or economic developments.
