Gold prices in Pakistan remained steady at record-high levels on Wednesday, as per data released by the All Pakistan Sarafa Gems and Jewellers Association (APSGJA).
Domestic Gold Prices
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24K Gold (per tola): Rs. 398,800
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24K Gold (10 grams): Rs. 341,906
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22K Gold (10 grams): Rs. 313,425
Silver also remained unchanged:
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24K Silver (per tola): Rs. 4,637
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24K Silver (10 grams): Rs. 3,975
International Market Trends
In the global market, gold traded at US$3,770 per ounce, while silver stood at US$44.10 per ounce. No major fluctuations were recorded compared to the previous day.
What It Means for Investors
The stability of gold prices at such historic highs suggests that investors are still turning to the precious metal as a safe-haven asset amid ongoing global economic uncertainty. For ordinary buyers in Pakistan, however, the soaring rates continue to make gold jewellery and investment purchases more expensive.
Financial experts note that if international prices remain steady, local gold rates will also likely continue hovering near record highs in the short term.
