Gold prices remained unchanged in Pakistan on Friday, finding stability after the previous day’s sharp correction.
The price of 24-karat gold per tola held firm at Rs. 482,462, showing no movement from Thursday’s close.
In 10 grams, 24-karat and 22-karat gold prices also showed no change, steady at Rs 413,633 and Rs 379,177 respectively. The lack of movement suggests both sellers and buyers are pausing to assess the new price level.
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Internationally, the gold price per ounce held at $4,601, mirroring the local market’s quietude.
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The domestic price of silver per tola increased by Rs 100 to Rs 9,525. This subtle gain demonstrates the white metal’s ability to find its own footing and attract selective buying.
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Silver per 10 grams followed, rising by Rs 86 to Rs 8,166. The modest recovery suggests underlying demand remains intact, even as the broader market catches its breath.
Globally, silver increased by $1.00 to $90.50 per ounce.
The local rates, calculated on interbank exchange rates, are certified by the trade association. All listed prices are for 999 (24K) purity. The system reflects a day of equilibrium after a stormy period.
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A day earlier, Gold and silver prices experienced a significant pullback in Karachi, Pakistan with both metals fell sharply, marking the first substantial market correction after the recent parabolic rally.
The price of 24-karat gold per tola dropped by Rs 3,700, settling at Rs 482,462. This decline, while notable, is minor compared to the massive gains of the preceding days.
In 10 grams, 24-karat gold decreased by Rs 3,172 to Rs 413,633. The price for 22-karat gold also fell, declining by Rs 2,908 to close at Rs 379,177.
