Gold prices in Pakistan showed little movement on Wednesday, reflecting a cautious mood in both local and international markets as investors looked for fresh signals from global developments.
In the domestic market, the price of 24-karat gold remained unchanged at Rs523,762 per tola. Similarly, gold per 10 grams stood at Rs449,041, holding steady from the previous session, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association.
The rate for 22-karat gold was also unchanged at Rs411,635 per 10 grams.
Silver, however, moved in the opposite direction. The price of 24-karat silver dropped by Rs75 to Rs8,494 per tola, while the 10-gram rate fell by Rs64 to Rs7,282. The dip suggests weaker demand in the local silver market compared to gold, which continues to attract cautious buyers.
Global market keeps gold steady
In the international market, gold prices edged slightly higher but remained largely stable. Spot gold was trading close to $5,005 per ounce, up marginally from the previous session. Investors appeared hesitant to take strong positions as they monitored geopolitical tensions and awaited the outcome of the U.S. Federal Reserve policy decision.
Analysts said the central bank’s guidance could shape gold’s direction in the coming months. Market expectations suggest that interest rates may remain unchanged for now, marking a second straight pause.
At the same time, global uncertainty has added to the cautious tone. Rising tensions in the Middle East, particularly linked to the Strait of Hormuz, have kept oil prices elevated above $100 per barrel. The disruption risks to oil supply have increased concerns about inflation, which often supports gold as a safe-haven asset.
However, higher interest rates continue to limit gold’s upside, as they offer better returns on other investments.
Recent developments, including reported strikes involving Ali Larijani, have further added to uncertainty in the region. Analysts believe such tensions could keep gold prices supported in the near term, though major gains may depend on monetary policy signals.
Other precious metals showed mixed trends. Silver gained slightly in global markets, while platinum and palladium edged lower.
For now, both local and global markets appear to be in a wait-and-see mode, with investors holding back ahead of key economic and geopolitical developments.
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