Gold prices in Pakistan showed a modest increase on Thursday, reflecting earlier movements in the international markets. In trading over the last 21 hours, the price of gold per tola in the local market rose to Rs. 447,210, marking an increase of Rs. 160 from the start of the day, according to rates provided by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
Internationally, gold also experienced an uptick. The global gold price reached $4,209.47 per ounce, showing a gain of $3.38 since the day’s start. This movement is indicative of the ongoing fluctuations in the global precious metals market, with investors closely monitoring economic trends and geopolitical developments.
Silver prices in the local market, however, saw a slight decrease. The price per tola of silver dropped to Rs. 57.08, reflecting the broader mixed sentiment in the precious metals market.
The day began with gold prices at $4,206.09 per ounce, with a high of $4,219.91 and a low of $4,174.73, showcasing a volatile trading session. These variations in the international market have had a noticeable impact on local pricing, as market participants respond to shifts in global demand and supply dynamics.
The global context remains critical as investors await key economic data releases and potential policy shifts from major central banks. These factors continue to influence both the international and local gold markets, with traders and investors adapting to the rapidly changing landscape.
As the day progresses, market analysts will be keeping a close watch on further developments that could impact gold prices both locally and internationally. The APGJSA will continue to provide updates on these trends as they unfold.
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