Gold prices stay frozen but silver shines - What’s behind the twist?
File photo
File photo
KARACHI (Web Desk): Gold prices stayed unchanged in the local market on Thursday, holding steady after recent fluctuations.

The All Pakistan Sarafa Gems and Jewellers Association reported that the price of 24-karat gold per tola remained fixed at Rs425,178.

Similarly, 10 grams of 24-karat gold maintained its price at Rs364,521, while 10 grams of 22-karat gold continued to trade at Rs334,156.

In the international market, gold prices also showed no movement, staying firm at $4,039 per ounce. Analysts said investors seemed cautious, waiting for clear signals from global economic trends before making new moves.

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However, silver prices turned the tables with a noticeable rise. The rate of 24-karat silver per tola went up by Rs82, reaching Rs5,066, while 10 grams of silver increased by Rs71 to Rs4,343. In the global market, silver’s value also gained momentum, climbing $0.82 to $49.62 per ounce.

The association added that all gold rates were calculated according to the interbank exchange rate and based on 999/24k purity.

The market seems to be in a pause mode for gold, showing no fresh direction. But silver’s quick rise could hint that investors are slowly shifting focus toward cheaper yet profitable metals. Global uncertainty and inflation expectations might soon trigger another jump in gold, but for now, silver clearly holds the spotlight.