Gold prices in Pakistan held steady after a recent surge, with local rates remaining near record levels as global bullion continued to trade above the $3,600-per-ounce mark. Market watchers said ongoing safe-haven demand, currency movements and import dynamics are likely to keep bullion prices elevated in the near term.
The All-Pakistan Gems and Jewellers Sarafa Association reported the price of one tola of gold at Rs. 388,100, while 10 grams was quoted at Rs. 332,733. These rates stabilized a day after bullion climbed by Rs. 4,100 per tola, pushing domestic prices to historic highs.
Internationally, gold remained firm, trading around $3,644.54 per ounce and close to the record high of $3,673.95 reached earlier. The APGJSA’s international reference rate was reported at $3,654 per ounce, reflecting the strong global tone.
The silver market in Pakistan showed no movement, with local rates unchanged at Rs. 4,358 per tola.
Analysts said sustained global economic jitters and safe-haven buying have supported elevated precious metals prices, while shifts in currency markets are also influencing demand. Locally, traders are monitoring the rupee’s exchange rate and import flows, factors that could further shape bullion trends in the coming days.
