As a result, 24 karat gold standing firm at Rs386,300 per tola. The unchanged trend sparked curiosity among buyers and investors who were expecting fluctuations.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 gram 24 karat gold also remained steady at Rs331,189. Meanwhile, 10 gram 22 karat gold continued to be traded at Rs303,600.
Interestingly, the international market also mirrored this calm. Gold prices stood fixed at US$3643 per ounce, showing no signs of volatility despite global economic uncertainty.
Silver prices followed the same pattern. In the local market, silver was sold at Rs4,443 per tola and Rs3,809 per 10 gram, while on the international front, silver traded at US$42.15 per ounce without any shift.
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The stability in gold and silver prices comes as a surprise, particularly in a climate where global markets are often shaken by economic shifts and geopolitical concerns. For local investors, the unchanged rate of Rs386,300 per tola suggests a temporary calm in the bullion trade, but history shows such steadiness rarely lasts.
Internationally, gold standing at US$3643 per ounce signals a holding pattern, possibly awaiting new economic data or policy changes before the next surge or dip. Silver too, at Rs4,443 per tola locally and US$42.15 globally, is reflecting this unusual stillness.
For both traders and ordinary buyers, the current flat trend raises the question: is this the calm before the storm in bullion markets? The coming weeks may reveal whether gold will break this silence with a sharp rise or an unexpected fall.
