Gold prices in Pakistan stayed unchanged on Wednesday, holding firm at Rs388,100 per tola, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). This comes after a sharp Rs4,100 rise on Tuesday, which had pushed prices to a new all-time high.
The price of 10 grams of gold also remained stable at Rs332,733. Local markets saw steady buying activity, with no major shifts in investor sentiment. Similarly, silver prices stayed unchanged at Rs4,358 per tola, showing consistency across the bullion sector.
In global markets, gold prices held firm above $3,600 per ounce. Spot gold was up 0.5% at $3,644.54, after hitting a record high of $3,673.95 on Tuesday. Analysts say rising expectations of a U.S. interest rate cut this month are boosting gold’s appeal as a safe investment.
However, U.S. gold futures for December delivery remained flat at $3,683. Traders are now closely watching upcoming inflation reports in the U.S., which could influence the Federal Reserve’s rate decision. The data may push gold even higher if inflation appears under control.
Overall, both local and global gold markets are showing strong support levels. Many investors continue to view gold as a safe haven amid economic uncertainty and policy shifts. With steady prices and global momentum, gold remains a key asset for cautious buyers.