24-Karat Silver Remains Steady
Mar 06, 2025
The gold price in Pakistan experienced a notable correction on Thursday, mirroring trends in the global market. According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the local market witnessed a decrease in the price of 24-karat gold.
In detail, the cost per tola of 24-karat gold fell by Rs3,000, bringing it down to Rs304,000. Similarly, the price for 10 grams of 24-karat gold saw a drop of Rs2,571, settling at Rs260,603. This downward adjustment is reflective of broader economic movements affecting gold prices worldwide.
On the international front, gold prices also declined, with the price per ounce dropping by $28 to reach $2,893, accompanied by an additional premium of $20. Despite the volatility in the gold market, the price of 24-karat silver in Pakistan held steady, maintaining a rate of Rs3,369 per tola.
These shifts in pricing underline the impact of global market dynamics on local precious metal values. While gold investors and buyers may find the current dip as a potential buying opportunity, the stability in silver prices suggests that different factors may be at play in the silver market.
For those following the trends closely, this correction in gold prices could offer insights into upcoming market movements, urging stakeholders to remain vigilant in this volatile economic landscape.
