The upward momentum in precious metals paused on Tuesday, with gold and silver prices showing no movement in Pakistan and abroad. According to the All Pakistan Sarafa Gems and Jewellers Association, 24-karat gold per tola was recorded at Rs370,700, unchanged from Monday. The rate of 10 grams also stayed fixed at Rs317,815.
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Internationally, gold prices held firm at $3,480 per ounce, reflecting the same stillness. Analysts noted that the lack of change indicated a phase of consolidation after Monday’s surge to all-time highs. Silver prices in Pakistan also stayed flat. A tola of 24-karat silver traded at Rs4,303, with no adjustment from the day before.
Market observers said investors are adopting a wait-and-see approach, as global developments in currency markets and inflation data could determine the next direction for gold and silver.
The upward momentum in precious metals paused on Tuesday, with gold and silver prices showing no movement in Pakistan and abroad. According to the All Pakistan Sarafa Gems and Jewellers Association, 24-karat gold per tola was recorded at Rs370,700, unchanged from Monday. The rate of 10 grams also stayed fixed at Rs317,815. Internationally, gold prices held firm at $3,480 per ounce, reflecting the same stillness.
Analysts noted that the lack of change indicated a phase of consolidation after Monday’s surge to all-time highs. Silver prices in Pakistan also stayed flat. A tola of 24-karat silver traded at Rs4,303, with no adjustment from the day before. Market observers said investors are adopting a wait-and-see approach, as global developments in currency markets and inflation data could determine the next direction for gold and silver.
