Gold prices in Pakistan stabilized on Thursday after a period of consecutive declines, remaining unchanged in the local market. The All Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported that the price of gold per tola remained at Rs239,200. Similarly, the price of 10 grams of gold also remained steady at Rs205,075.
This stability follows a notable decrease of Rs800 per tola witnessed on Wednesday, providing a brief respite for both investors and buyers. Internationally, the price of gold remained steady, with APGJSA reporting a price of $2,312 per ounce, accompanied by a $20 premium.
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Silver rates also remained stable at Rs2,620 per tola in the local market, contributing to the overall sense of stability in the precious metals sector.
It’s worth mentioning that last month, gold reached an all-time high of Rs252,200 per tola in the local market, highlighting the volatility and sensitivity of the precious metals market to various economic and geopolitical factors.