Gold prices in Pakistan saw a modest increase on Thursday, reflecting a stable trend in the international market. Over the last 10.1 hours, the price of gold per tola in the local market rose 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). Meanwhile, 10 grams of gold also experienced a slight uptick, maintaining the positive momentum seen earlier in the week.
In international trading, gold prices exhibited a minor rise, with the market showing resilience after recent fluctuations. The global gold price climbed slightly to $4,157.51 per ounce, up by $2.85 from the opening rate of $4,154.66. This stability in international markets has provided a somewhat steady backdrop for local gold prices, preventing significant volatility.
Silver prices in the local market experienced a mild increase as well, climbing by Rs. 0.12 to reach Rs. 53.37 per gram. This movement aligns with the broader trend of stability observed in precious metals globally, as silver also mirrors the cautious optimism seen in gold markets.
The global context remains critical as investors and market participants continue to monitor economic indicators and geopolitical developments. The restrained movement in gold prices is reflective of a market in anticipation, as traders await key economic data and policy signals from major economies.
Overall, the Pakistani gold market has mirrored international stability, with local prices adjusting slightly upwards. Market observers will keep a close watch on both local and international developments, as any shifts could influence the pricing dynamics in the coming days. APGJSA continues to provide critical insights into these trends, ensuring transparency and guidance for stakeholders in the precious metals market.
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