Gold prices in Pakistan saw a modest increase on Thursday, as the local market mirrored international trends. In trading over the last 9.9 hours, the price of gold per tola rose to Rs. 439,590, marking a Rs. 70 increase from the day’s start, according to figures from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the price for 10 grams of gold moved upward, reflecting a similar percentage change.
Internationally, gold prices remained relatively stable with a slight uptick. The latest global rate for gold was recorded at $4,157.51 per ounce, a $2.85 increase from the morning session. This stability comes as global markets digest mixed economic signals, leading to steady demand for the precious metal.
In the local market, silver prices also saw a marginal increase. The price of silver per tola climbed by Rs. 0.12 to reach Rs. 53.37, maintaining the slight upward trajectory observed throughout the day. The movement in silver prices aligns with the modest gains seen in gold, reflecting consistent investor interest.
Globally, the gold market has been influenced by a mix of geopolitical tensions and economic data releases, which have kept demand steady. Investors continue to view gold as a safe-haven asset amidst global uncertainties. This has helped stabilize prices after previous fluctuations.
Overall, the day’s trading reflects a steadying market, with both gold and silver prices showing slight upward trends in Pakistan. The ongoing global economic climate continues to influence local markets, with investors watching closely for any significant developments that could impact prices further.
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