24-karat gold rate remained unchanged at Rs. 352,000 per tola on Thursday, as reported by the All Pakistan Sarafa Gems and Jewelers Association. This stability follows a historic single-day drop of Rs. 11,700 per tola on Wednesday. Market analysts attribute the steady rates to cautious trading after the sharp decline.
No Change in 10-Gram Gold Rates
Similarly, the prices for 10 grams of 24-karat and 22-karat gold saw no movement, settling at Rs. 301,783 and Rs. 9,195, respectively. Investors and jewelers monitored the market closely, anticipating further trends. The stability suggests a temporary pause in volatility, though global economic factors could influence future fluctuations.
Silver Rates Also Remain Unchanged
Silver prices in Pakistan showed no movement, with per tola and 10-gram rates stagnant at Rs. 3,457 and Rs. 2,963, respectively. Like gold, silver’s stability indicates subdued trading activity. Precious metal traders await clearer signals from international markets before making significant moves.
Also Read: Gold Price Soar Past Rs. 390,000 Per Tola in Pakistan
International Market Trends
Globally, gold prices held firm at $3,338 per ounce, while silver traded at $32.93 The steady rates reflect a balanced demand-supply dynamic. Analysts suggest that geopolitical tensions and US dollar movements may impact future pricing. Investors remain watchful for cues from central bank policies and inflation data.
Market Outlook
With gold stabilizing after a record fall, traders remain cautious. The precious metal’s safe-haven appeal could strengthen if economic uncertainties rise. Meanwhile, silver’s industrial demand may drive its next price shift. Stakeholders will track global trends for further direction in the coming days.
