Gold prices in Pakistan held steady on Wednesday, mirroring a quiet phase in the international bullion market. As per figures shared by the All Pakistan Sarafa Association, the price of 24-karat gold remained unchanged at Rs354,100 per tola. Similarly, the 10-gram rate stayed consistent at Rs303,583.
This stability was observed uniformly across key urban centres including Karachi, Lahore, Islamabad, Peshawar, Quetta, Sialkot, Hyderabad, and Faisalabad. Traders and analysts attributed the lack of movement to a pause in global gold trading activity, which typically influences local rates.
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Silver prices followed a similar pattern, showing no major fluctuation. The price of one tola of silver was noted at Rs3,586, while in most local markets, it hovered at Rs3,380. Market experts suggested that the overall calm in both gold and silver prices reflected investors’ cautious approach amid uncertain global economic signals.
When adjusted for different purities, the price of 22-karat gold was recorded at Rs324,041 per tola, while 18-karat gold stood at Rs265,125. For 10 grams, 22-karat gold was priced at Rs277,814, and 18-karat at Rs227,302.
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Local jewelers indicated that despite the unchanged prices, customer footfall remained modest. Some buyers, they noted, were waiting for potential downward shifts, while others continued to invest in gold as a hedge against inflation and currency depreciation.
Experts believe that any significant movement in the domestic market would largely depend on future global trends, particularly decisions from central banks, interest rate policies, and geopolitical developments. Until then, a stable pricing pattern is expected to continue.