In trading over the last 10 hours, gold prices in Pakistan experienced a slight increase, aligning with a stable trend observed in the global market. The price of gold per tola rose marginally to Rs. 439,590, marking an increase of Rs. 70 from the day’s start, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This uptick reflects a cautious optimism among local investors as international markets maintain a steady course.
At the start of the trading session, the price per tola was Rs. 439,520, showcasing a modest upward movement through the day. Similarly, the price for 10 grams of gold saw a slight rise, underscoring the cautious yet positive sentiment in the domestic market.
Internationally, gold prices held steady with a slight increase, registering at $4,157.51 per ounce by the latest record. This represents a $2.85 rise from the day’s opening figures of $4,154.66. Despite the relatively minor change, this stability in the international market has influenced local prices, providing a measure of confidence to traders.
Silver prices in the local market also mirrored this steady trend, with the rate per tola increasing slightly by Rs. 0.12 to reach Rs. 53.37. The consistent demand for precious metals both domestically and internationally continues to play a crucial role in shaping these price movements.
Globally, the precious metals market has maintained a balanced stance, with investors closely watching economic indicators and geopolitical developments. The subtle increase in gold prices suggests that while the market remains largely stable, there is an underlying anticipation of potential movements depending on forthcoming economic data and policy shifts. As such, traders and investors in Pakistan are advised to stay informed about both local and international market trends to make well-informed decisions.
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