Gold price freeze shocks traders – Is it calm before the storm?
File photo
File photo
ISLAMABAD (Web Desk): Gold prices in Pakistan remained unchanged, leaving traders and investors wondering whether this calm is a pause before the next big storm.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola stood firm at Rs376,700. Likewise, 10 grams of 24-karat gold maintained its rate at Rs322,959, while 22-karat gold per 10 grams continued steady at Rs296,056.

The international market also mirrored this stability, with gold holding its ground at US$3,540 per ounce. Despite global economic uncertainties, no sudden shift was observed.

Silver prices also held steady. In the local market, 24-karat silver per tola was recorded at Rs4,315, while 10 grams stood at Rs3,699. Internationally, silver traded at US$40.82 per ounce.

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This extended period of calm has raised curiosity among market observers. With rising inflation and unstable currencies worldwide, many investors are now questioning whether the next wave will bring a dramatic surge or an unexpected fall in bullion prices.

While the stability in gold and silver prices may bring temporary relief to jewelry buyers, seasoned investors know that such stillness often precedes sharp swings. The combination of global inflation, fluctuating currencies, and geopolitical risks could soon disrupt this calm. Analysts suggest keeping a close eye on international developments, as even a small trigger may lead to a major rally or correction in precious metals.