Gold prices in Pakistan stayed unchanged on Thursday, holding steady after setting a world record a day earlier. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola remained at Rs. 425,178, while the rate for 10 grams stood firm at Rs. 364,521.
On Wednesday, gold prices had jumped sharply, with the per tola rate rising by Rs. 1,500 to close at Rs. 416,778. In the international market, the gold price also stayed stable at $4,039 per ounce, which includes a $20 premium.
Meanwhile, silver prices in Pakistan moved higher, increasing by Rs. 82 per tola to reach Rs. 5,066.
Globally, gold paused after a record-breaking rally as investors began taking profits following bullion’s historic climb above the $4,000 per ounce mark. The surge was driven by economic and geopolitical uncertainties, along with expectations of further U.S. interest rate cuts this year.
As of 0642 GMT, spot gold slipped 0.2% to $4,029.86 per ounce after touching an all-time high of $4,059.05 on Wednesday. U.S. gold futures for December delivery also dropped 0.6% to $4,047.80.