PTBP Web Desk

Gold prices in Pakistan remained stable on Thursday, offering temporary relief to investors and buyers amid ongoing volatility in the international bullion market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market stayed unchanged at Rs528,562, reflecting a pause after recent fluctuations.

Similarly, the price of 10 grams of gold also showed no movement and was sold at Rs453,156, maintaining the same level as recorded in the previous session. Market analysts say the stability in gold prices in Pakistan is largely influenced by steady global bullion rates and cautious trading behavior in the domestic market.

Gold Market Performance a Day Earlier

On Wednesday, gold prices in Pakistan witnessed a notable increase. The price of gold per tola surged by Rs2,300, reaching Rs582,562, indicating renewed interest from investors seeking safe-haven assets. This upward movement was linked to international market signals, currency fluctuations, and inflationary concerns.

Despite that sharp rise a day earlier, Thursday’s stability suggests that the local gold market has entered a short consolidation phase. Traders believe buyers are closely monitoring global developments before making significant investment decisions.

International Gold Prices Remain Flat

In the global market, gold prices also remained unchanged. The international rate of gold stood firm at $5,058 per ounce, inclusive of a $20 premium. Analysts note that global gold prices are being supported by geopolitical uncertainties and expectations around interest rate policies of major central banks.

However, the lack of movement on Thursday indicates that international investors are adopting a wait-and-see approach, especially ahead of key economic data releases. Since Pakistan’s gold prices are directly influenced by international trends and exchange rates, stability in global bullion prices often translates into similar behavior in the local market.