Gold prices hold steady at Rs461,936 per Tola

Gold prices in Pakistan remained unchanged on Tuesday, with the price of one tola of 24-karat gold holding at Rs461,936,

KARACHI: Gold prices in Pakistan remained unchanged on Tuesday, with the price of one tola of 24-karat gold holding at Rs461,936, according to the latest rates released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

The local bullion market remained relatively calm after gold recorded a notable increase in the previous trading session. On Monday, the price of gold had risen by Rs2,000 per tola, bringing it to Rs461,936.

The price of 10 grams of 24-karat gold also remained unchanged at Rs396,035 on Tuesday.

In the international market, gold prices showed little movement, with the benchmark rate standing at $4,395 per ounce, including a $20 premium. The stability in global bullion prices contributed to the lack of significant movement in domestic gold rates.

Market participants continue to closely monitor international developments, particularly movements in the US dollar, expectations surrounding global interest rates and geopolitical developments, all of which can influence demand for the precious metal.

Meanwhile, silver prices moved in the opposite direction in the domestic market. The price of silver declined by Rs43 per tola, settling at Rs6,986 per tola.