Gold prices in Pakistan stayed unchanged on Wednesday as international rates showed no movement, while silver recorded a slight decline.
A day earlier, on Tuesday, gold had posted a modest increase of Rs1,000, taking the rate to Rs523,762 per tola.
Data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) showed that the per tola price remained steady at Rs523,762. The rate for 10 grams of gold also held firm at Rs449,041.
In the global market, gold prices remained stable at $5,010 per ounce, which included a premium of $20. In contrast, silver prices moved lower. The per tola rate of silver fell by Rs75 to settle at Rs8,494.
The steady trend in gold prices came at a time when international markets continued to witness fluctuations. Local rates largely followed global patterns despite varying regional market conditions.
Meanwhile, investor confidence stayed strong at the Pakistan Stock Exchange (PSX), where continued buying interest pushed the benchmark KSE-100 index higher in a broad rally.
During trading hours, the index reached an intraday high of 154,684.45 and dropped to a low of 150,284.26. By around 1pm, the market was showing gains of nearly 2.49 percent, reflecting positive sentiment among investors.
At the close of the session, the benchmark index had jumped by 4,276.09 points, or 2.85 percent, to finish at 154,292.26. This rise signalled the continuation of the prevailing upward trend in the market.
Trading activity remained lively, with strong buying seen in sectors such as automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration firms, oil marketing companies, as well as power generation and refinery stocks, showing broad participation across the market.