Gold Prices in Pakistan Maintain Friday’s Levels, Silver Prices Stable

Karachi, Pakistan:Gold prices in Pakistan have remained stable at Friday’s levels on the first day of the business week, with no significant changes observed. The prices will stay effective until 2 PM, when the All Pakistan Gems and Jewelers Sarafa Association is expected to announce new rates.

According to the All Pakistan Gems and Jewelers Sarafa Association, the price of 24-carat gold (per tola) has decreased by Rs. 2,300, bringing it down to Rs. 342,200. Similarly, the price of 10 grams of gold has dropped by Rs. 1,972, bringing it to Rs. 293,381.

This marks the second consecutive day of a decline in gold prices. On Friday, the price of gold had already dropped by Rs. 1,300, settling at Rs. 344,500 per tola.

Internationally, gold prices have also experienced a weakening trend. On Friday, the global price of gold per ounce stood at \$3,263, reflecting a decrease of \$13 during the day. The association noted that this global price also includes a \$20 premium.

In contrast, silver prices in Pakistan have remained stable. The price of silver per tola has stayed at Rs. 3,427, with no change observed.

These fluctuations in gold and silver prices reflect ongoing trends in both the domestic and international markets, where investors and buyers continue to closely monitor the impact of global economic factors on precious metal prices.