Karachi: Gold prices in Pakistan recorded a notable decline, even as the international market saw a mild upward movement. According to the latest data released by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA), the domestic bullion market reflected downward pressure amid mixed global cues.
Gold Price in Pakistan Falls by Rs1,900 per Tola:
The price of 24-karat gold dropped by Rs1,900, bringing the new rate to:
• Rs441,862 per tola
• Rs378,825 per 10 grams (down by Rs1,629)
Similarly, 22-karat gold was quoted lower at Rs347,268 per 10 grams, reflecting the broader decline across the domestic gold market.
Silver Prices Steady in the Local Market:
Unlike gold, the price of silver remained unchanged nationwide. The latest rates are:
• 24-karat silver: Rs6,102 per tola
• Per 10 grams: Rs5,231
The stability in silver prices indicates a balanced local demand, despite fluctuations in global precious metals.
Global Gold Price Shows Slight Uptrend:
In the international market, spot gold traded around $4,207 per ounce, reflecting a $12.8 increase (0.31%) from the previous session.
Analysts attribute this modest rise to expectations that the U.S. Federal Reserve may adopt a more cautious approach toward monetary easing during its ongoing two-day policy meeting. Global investors are closely watching interest rate signals, which typically influence gold’s attractiveness as a safe-haven asset.
Market Outlook: What’s Next for Gold Prices?
• Domestic gold prices may continue to fluctuate depending on USD-PKR exchange rates, import costs, and global monetary policy trends.
• Internationally, gold could see additional volatility as traders assess the Federal Reserve’s stance on future rate cuts.
• Stability in silver suggests a more measured market response compared to gold’s sharp movements.