In a rare moment of calm in the precious metals market, gold prices remained completely unchanged across Pakistan on Thursday. According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 24 karat gold per tola held steady at Rs349,300, with no fluctuation for the day.

Similarly, the price of 10 grams of 24 karat gold remained firm at Rs299,468, while 10 grams of 22 karat gold stayed constant at Rs274,522. Despite global uncertainty, no volatility has been observed, leaving traders and investors watching closely for the next move.

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The silver market mirrored gold’s stability. Per tola silver was unchanged at Rs3,380, and 10 grams of silver traded at Rs2,983. This consistency across the board suggests that both metals are currently in a holding pattern.

Interestingly, international prices also showed no signs of movement. Gold remained static at $3,309 per ounce, and silver held at $33.22. This global stillness comes amid rising speculation over when the next economic shock or policy shift could push the market into motion.

Analysts believe this quiet spell may be due to traders awaiting signals from major economies, particularly the US Federal Reserve, regarding interest rate directions or inflation targets. Others suggest geopolitical tensions are on pause, allowing markets a temporary breather — but for how long?

The current freeze in gold and silver prices may appear uneventful, but it’s actually a calm before the storm. With gold already trading at record highs, even a small shift in economic policy, inflation data, or geopolitical conflict could spark a surge or sudden drop. Investors should stay alert — such stillness in volatile markets rarely lasts long.