Gold price in Pakistan remained stable on Saturday, keeping local investors and traders watchful of international market trends. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), one tola of gold was sold at Rs490,362.
The 10-gram gold rate also remained consistent at Rs420,406, reflecting a stable market amid international price fluctuations. Investors often monitor both tola and 10-gram rates to make informed purchasing decisions.
On Friday, gold prices had risen by Rs3,400 per tola, reaching the current level of Rs490,362. Despite this recent gain, the market showed no further movement on Saturday.
The international price of gold remained unchanged at $4,676 per ounce, with a premium of $20 applied in local calculations. Analysts suggest that global stability in gold rates has helped maintain local price levels.
Silver prices in Pakistan also remained stable at Rs7,794 per tola, indicating steady demand for precious metals in the local market. Traders noted that this stability is crucial for maintaining confidence among small investors.
Experts advise buyers to monitor market trends before making significant purchases, highlighting that any sudden international changes could affect local rates. Seasonal demand and global trade policies are also factors influencing prices.
Overall, the stability of gold price in Pakistan reflects a balanced market, where international trends and local demand converge to maintain steady rates. Both gold and silver continue to attract investors looking for safe-haven assets.
