Gold prices in Pakistan stayed firm at historic highs on Wednesday, according to the latest figures released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA). The stability reflects both local demand trends and international market conditions.
Domestic Gold and Silver Rates
In the local bullion market, the following rates were reported:
-
24K Gold (per tola): Rs. 398,800
-
24K Gold (10 grams): Rs. 341,906
-
22K Gold (10 grams): Rs. 313,425
Silver prices also remained unchanged:
-
24K Silver (per tola): Rs. 4,637
-
24K Silver (10 grams): Rs. 3,975
International Gold and Silver Market
On the global stage, gold traded at US$3,770 per ounce, while silver was recorded at US$44.10 per ounce. Both precious metals showed minimal movement compared to the previous session, reflecting overall market stability.
Impact on Investors and Buyers
The persistence of gold prices at record highs highlights its position as a safe-haven asset for investors during periods of global economic uncertainty. While this stability may reassure investors, ordinary buyers in Pakistan continue to face challenges as the high prices make gold jewellery and investment purchases less affordable.
Outlook for Gold Prices in Pakistan
Market analysts suggest that if international gold prices remain stable, domestic rates are expected to hover near these record levels in the short term. Investors are likely to continue monitoring global economic developments closely, as any shifts could directly influence local bullion prices.
