Gold prices in Pakistan remained stable on Friday, with the per tola rate standing at Rs426,562, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). Similarly, the 10-gram gold price held steady at Rs365,708. The per tola rate had reached the same level on Thursday after a Rs5,000 decline earlier in the day.

Meanwhile, the price of silver fell by Rs107, closing at Rs5,222 per tola, reflecting softer demand in the local market.

On the international front, gold prices edged slightly lower amid expectations that the Federal Reserve would maintain interest rates at its upcoming December meeting. Spot gold fell 0.1% to $4,072.87 per ounce as of 0242 GMT, while US gold futures for December delivery rose 0.3% to $4,071.90 per ounce. Analysts attributed the mixed movements to a stronger-than-expected US jobs report, which reinforced market anticipation that the Fed is unlikely to cut rates soon.

The international rate of gold remained unchanged at $4,042 per ounce, with a $20 premium, showing limited volatility despite global economic cues. Local jewellers noted that the market remained cautious, with buyers and sellers adopting a wait-and-see approach amid stable domestic prices and modest international fluctuations.

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Traders believe that gold demand in Pakistan may remain steady in the near term unless significant global or domestic economic developments occur. The stability in gold prices provides reassurance for investors and consumers, although silver continues to experience minor pressure in local markets.

Overall, the market sentiment indicates a balanced outlook, with gold maintaining its value locally while reacting cautiously to international economic signals.