Gold prices in Pakistan showed little movement on Wednesday, keeping traders cautious after hitting an all-time high a day earlier.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the yellow metal was priced at Rs. 388,100 per tola, unchanged from Tuesday’s record-setting level. The rate for 10 grams stood at Rs. 332,733.
This comes after a sharp Rs. 4,100 jump per tola on Tuesday, which pushed gold to unprecedented territory and sparked debate on whether the market is nearing the Rs. 400,000 milestone.
Silver Prices Flat
Silver mirrored the stability, holding steady at Rs. 4,358 per tola.
Global Market Pushes Higher
While domestic prices paused, the international market continued to climb. Spot gold edged up 0.5% to $3,644.54 per ounce during Asian trading hours, staying well above the $3,600 mark. The previous session had seen a new record of $3,673.95 per ounce.
For Pakistani buyers, the domestic market often lags global trends due to currency fluctuations and local demand, but traders say the international rally could eventually pull domestic rates closer to the Rs. 400,000 mark.
