The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported that the price freeze extended to other precious metal categories. The cost of 10 grams of 24-karat gold held steady at Rs367,680.

Furthermore, 10 grams of 22-karat gold also saw no change, staying firm at Rs337,052. This consistent stability suggests a pause in the market’s volatility following recent trends.

Internationally, the gold market mirrored the local stillness. Gold prices per ounce remained firm, holding at US$4,065. This lack of movement in the global market is likely contributing to the domestic rate stability, showing a strong link between international trends and the local pricing structure.

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Silver prices, often following gold’s lead, also showed complete stability. The price of per tola silver was steady at Rs5,270, and the rate for 10 grams of silver stayed unchanged at Rs4,518. International silver prices also stood firm at US$49.98 per ounce.

This synchronized halt in both local and international gold and silver prices suggests that major market players are waiting for a significant global economic trigger before making their next move. Experts believe this stability might be a brief calm before the next price swing, making it a crucial time for investors to observe the market closely.