KARACHI: Pakistan’s gold market experienced stability on Friday, marking the second consecutive day and the third time this week that local bullion prices remained unchanged. The per-tola price stood steady at Rs438,862, matching Thursday’s rate, according to data from the All-Pakistan Gems and Jewellers Sarafa Association.
Similarly, the price of 10 grams of gold held firm at Rs376,253, reflecting uniform trends across the country’s major trading centers.
Domestic silver prices displayed the same steadiness, staying constant at Rs5,642 per tola in local markets.
In contrast, global gold prices saw an increase early Friday. Spot gold rose by 0.8 percent to reach $4,189.61 per ounce as of 0303 GMT, marking its highest level since November 14. The metal was on track to achieve a weekly gain of 3 percent and a near 4 percent rise for the month, signaling its fourth consecutive month of growth.
Despite these upward movements internationally, Pakistan’s benchmark global rate, which includes a $20 premium, remained unchanged at $4,165 per ounce on Friday. Domestic prices often account for currency fluctuations and import costs, which is why local rates may not always align with global trends on the same day.
