Gold prices moved higher across Pakistan on Saturday, with local rates tracking gains in the international market as traders closely watched key technical levels that could shape the metal’s next move.
According to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold rose by Rs1,300 per tola to reach Rs476,162.
The price of 10 grams of gold also increased, climbing Rs1,115 to Rs408,232.
The latest rise comes a day after the local market recorded a decline. On Friday, gold prices had slipped by Rs500 per tola, settling at Rs474,862.
Global market at a crucial stage
Internationally, gold is approaching what analysts describe as a critical point that could determine whether prices continue their downward trend or begin a broader recovery.
The precious metal has faced pressure since the start of the year. After a sharp rally early in 2026, prices fell rapidly at the end of January, creating what market analysts often call a “blow-off top”, a pattern that can signal the end of a strong upward run.
Since then, gold has struggled to regain momentum, with each rebound failing to surpass previous highs. This pattern is generally viewed as a sign that sellers remain in control of the market.
Analysts note that gold is now trading near its 200-day moving average, a closely watched technical indicator used to assess long-term price trends. The level is considered important because it often acts as a support or resistance zone for investors.
Adding to its significance, the moving average sits close to several other technical markers, including previous price peaks recorded in October and the lower boundary of the Bollinger Band range, which traders use to measure market volatility.
Market participants believe a decisive break below these support levels could open the door for further losses, with prices potentially falling toward the lows seen in March.
However, there are also signs that buyers are attempting to defend the current range. Analysts say a move above this month’s high could weaken bearish expectations and improve the outlook for a broader recovery in gold prices.
For now, both local and international traders remain focused on upcoming market movements, with gold hovering near levels that could shape its direction in the weeks ahead.
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