Gold prices in Pakistan remained unchanged on Thursday, with the 24-karat per tola rate holding firm at Rs. 352,000, as reported by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The price of 10 grams of 24-karat gold also stayed stable at Rs. 301,783, while 22-karat gold was traded at Rs. 276,644. Similarly, silver prices remained stagnant at Rs. 3,457 per tola and Rs. 2,963 per 10 grams.
The stability in domestic rates mirrored the international market, where gold maintained its position at 3,338 perounce, and silver was steady at 32.93. Analysts attribute the lack of movement to balanced global demand and cautious investor sentiment amid broader economic uncertainties.
In Saudi Arabia, gold prices also showed no significant change, with 24-karat gold recorded at 4,806 SAR per tola and 10 grams at 4,125 SAR. Gold’s value continues to be influenced by geopolitical factors, inflation concerns, and central bank policies, reinforcing its status as a safe-haven asset during financial instability.
Meanwhile, the Pakistan Stock Exchange (PSX) faced a sharp downturn, with the KSE-100 index plunging by 2,485 points in early trading before recovering slightly to 116,030.02 points by midday. This volatility follows recent bearish trends, despite the market reaching an all-time high earlier this year.
Gold dealers noted that the precious metal’s stability comes after a historic drop on Wednesday, when prices fell by Rs. 11,700 per tola. The current steadiness suggests cautious trading as investors monitor global economic signals, including interest rate trends and currency fluctuations.
Gold remains a critical asset for wealth preservation, with central banks and investors holding reserves to hedge against inflation and market volatility. While prices have shown resilience, analysts warn that any major geopolitical or economic shifts could trigger renewed fluctuations in the coming days.
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