Gold prices in Pakistan remained unchanged on Monday, maintaining their record-high levels from the previous day. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola stayed steady at Rs386,300, while 10 grams of gold held at Rs331,189. The international price of gold also remained stable at $3,643 per ounce, including a $20 premium, as reported by the association.
This stability follows Saturday’s volatile trading session, during which gold briefly dipped by Rs200 before bouncing back to its all-time high. Meanwhile, silver prices also held firm at Rs4,443 per tola, showing no major movement in the local bullion market.
Internationally, spot gold saw a slight dip of 0.2%, trading at $3,633.86 per ounce early Monday. Analysts say the drop is likely due to profit-taking and a stronger US dollar, though global losses remained limited as traders await key signals from the upcoming US Federal Reserve meeting.
Last week, international gold prices climbed 1.6%, hitting a record of $3,673.95 per ounce, as weak US labor market data raised expectations of a rate cut. This boosted global interest in safe-haven assets like gold, pushing prices higher across markets.
Traders in Pakistan are now watching both global cues and domestic currency fluctuations closely. With the rupee stabilizing slightly and economic uncertainty lingering, gold remains a favored investment option among Pakistani buyers seeking financial security.