In trading over the last 18 hours, gold prices in Pakistan have shown a modest increase, reflecting a steady trend in the international market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola in the local market rose to Rs. 448,050, marking an increase of Rs. 230 from the day’s start at Rs. 447,820. Similarly, the international gold price saw a slight uptick, with the latest figures showing a rise to $4,233.18, up by $9.24 from the initial value of $4,223.94.
The local bullion market has mirrored these global movements, maintaining a level of consistency amid fluctuating international cues. Gold prices reached a high of $4,264.56 during the day, demonstrating a robust trading session that helped buoy the local market sentiment.
On the international stage, gold prices have been relatively stable, with minor fluctuations. This stability has provided a supportive backdrop for the Pakistani market, which often follows global trends closely. The international price stability suggests a balanced outlook for the precious metal, which continues to be influenced by broader economic indicators and geopolitical factors.
Silver also saw an uptick in its prices within the local market. The rate per tola increased by Rs. 1.30, reaching Rs. 58.34. This rise in silver prices aligns with the overall steadiness observed in the precious metals market.
Globally, the demand for precious metals remains influenced by ongoing economic developments. Investors are closely watching central bank policies and inflation trends, which continue to play a pivotal role in shaping market dynamics. As the day progresses, market watchers will be keenly observing these factors to gauge future price movements.
Overall, the Pakistani gold market has experienced a day of slight gains, driven by international market stability. Investors and traders alike remain optimistic, with eyes set on the global economic environment for further cues.
Leave a Reply