Gold prices in Pakistan remained unchanged on Friday, with stability recorded in both local and international markets after a sharp rise earlier in the week.
In the local bullion market, the price of gold per tola stayed at Rs 482,462, while the rate for 10 grams remained unchanged at Rs 413,633. Silver prices also showed no movement, with per tola silver holding at Rs 9,425 and 10 grams priced at Rs 8,080.
Internationally, gold prices remained stable as well, with the rate per ounce unchanged at $4,601 in the global bullion market. Market experts said the stability in local prices reflected the absence of any movement in international rates.
The calm follows a period of sharp increases earlier this week. On January 14, gold prices in Pakistan reached record highs after consecutive days of strong gains. According to bullion market sources, the price of gold per tola jumped by Rs 4,300 to Rs 486,162, while 10 grams rose by Rs 3,687 to Rs 416,805. Silver prices also climbed to historic levels, touching Rs 9,575 per tola.
Analysts attributed the recent surge to rising global gold prices, uncertainty in the international economy and the depreciation of the local currency. Increased investor interest in gold as a safe-haven asset during uncertain economic conditions also contributed to higher demand.
Despite record-high prices, trading activity in the bullion market remained robust. However, experts warned that prolonged high rates could dampen consumer demand, especially for weddings and other occasions traditionally associated with gold purchases. Jewelers noted that some buyers may delay purchases, which could impact short-term sales.
Market analysts advised consumers and investors to closely track price trends and exercise caution before making large gold or silver purchases, as the market remains highly sensitive to both global developments and domestic economic conditions.
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