In a day of market stability, the prices of gold and silver in Pakistan showed no movement on Monday, providing a moment of predictability for investors and traders. The data, officially released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), indicates a pause in the recent volatility of precious metals.
Domestic Precious Metal Rates
The domestic market saw the price of per tola of 24-karat gold remain unchanged at Rs428,862. This stability was mirrored across other common measures. The rate for 10 grams of 24-karat gold was steady at Rs367,680, while the price for the slightly less pure 10 grams of 22-karat gold also held firm at Rs337,052.
Silver, often a more accessible precious metal, similarly maintained its value. The price of per tola silver was static at Rs5,270, and the cost for 10 grams of silver stayed at Rs4,518.
International Market Influence
The local steadiness was reflected on the global stage, suggesting a broader market consensus. In international trading, the price of gold stood firm at $4,065 per ounce with no change recorded for the day. This international benchmark is a key driver for local gold prices in Pakistan.
Likewise, the global silver market also exhibited stability, with international silver prices remaining unchanged at $49.98 per ounce.
Market Analysis and Outlook
This period of price consolidation allows market participants to reassess their positions. For consumers and investors, a day of unchanged prices can signal a temporary equilibrium between supply and demand forces. Experts often watch such periods closely, as they can precede the next significant price movement. The data from the APSGJA remains the primary and most trusted source for daily bullion rates across the country.
