Gold prices in Pakistan remained unchanged on Saturday, offering some relief to buyers after recent fluctuations in the market. According to the All-Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola stood at Rs490,362, the same level recorded a day earlier.
Similarly, the price of 10 grams of gold held steady at Rs420,406. The stability comes after a notable increase on Friday, when gold per tola rose by Rs3,400 to reach the current level.
Silver prices also showed no movement in the local market. The metal was traded at Rs7,794 per tola, maintaining the same rate as the previous session.
Global market shows pressure
In the international market, gold prices remained flat at $4,676 per ounce, including a premium of $20. However, recent global trends suggest growing pressure on bullion prices due to economic and geopolitical developments.
Earlier in the week, gold prices saw a sharp decline as the US dollar strengthened and oil prices moved higher. The shift followed comments by US President Donald Trump, who indicated that military operations in Iran would continue. The situation has raised concerns about rising inflation and the possibility of higher interest rates.
A stronger dollar makes gold more expensive for investors holding other currencies, which often reduces demand. At the same time, rising oil prices can add to inflation, making central banks less likely to cut interest rates in the near term.
Market analysts say these factors have weighed on investor sentiment. Gold, often seen as a safe investment during uncertain times, tends to lose appeal when interest rates are high because it does not offer any yield.
Reports also showed a decline in Turkey’s gold reserves, which added to market concerns. The country’s central bank reduced its holdings significantly over the past two weeks, a move seen as an effort to manage economic pressures linked to the ongoing conflict.
In other international markets, silver prices fell, while platinum and palladium recorded modest gains. Meanwhile, demand trends varied across Asia, with some markets seeing renewed buying interest due to lower prices.
Despite global uncertainty, the local gold market in Pakistan remained steady for now, with traders closely watching international developments for the next direction.
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