Gold prices remain stable in Pakistan

Gold prices in Pakistan stayed steady on Thursday after a major drop the day before.

The price of gold per tola (11.66 grams) remained unchanged at Rs352,000, according to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA). Similarly, the rate for 10 grams of gold held firm at Rs301,783.

This calm follows a steep decline on Wednesday, when gold per tola fell by Rs11,700 in a single day. The sudden drop shocked traders and buyers, but Thursday’s stability brought relief. Silver prices also showed no movement, staying at Rs3,457 per tola.

Globally, gold prices stayed flat at $3,338perounce(includinga$20 premium). This steadiness in international markets likely influenced local traders to pause further price cuts. Gold often reacts to global economic shifts, but recent stability suggests cautious trading.

Gold is a key investment in Pakistan, especially during economic uncertainty. Many buyers turn to gold as a “safe” asset when currencies or stocks fluctuate. The APGJSA updates rates daily, guiding jewelers and investors.

Experts say gold’s future depends on global demand, the U.S. dollar’s strength, and geopolitical tensions. Pakistan’s rupee stability and inflation rates also play a role. For now, traders advise watching international trends closely.