Gold prices in Pakistan remained steady on Thursday, maintaining record levels from the previous day as local markets tracked global trends.

According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola stood at Rs 438,862, while the 10-gram rate remained unchanged at Rs 376,253. On Wednesday, gold prices had surged by Rs 2,300 per tola to reach these record levels.

In contrast, silver prices in the local market rose by Rs 160, bringing the per-tola rate to Rs 5,642. Analysts attribute the increase in silver to rising demand among investors seeking alternative safe-haven assets.

On the international front, gold prices remained broadly steady at $4,165 per ounce, including a $20 premium, after touching a near two-week high in the previous session. Spot gold fell 0.2 percent to $4,154.09 per ounce, while U.S. gold futures for December delivery dipped 0.3 percent to $4,151.20 per ounce. Investors continue to weigh the likelihood of a U.S. interest rate cut in December, amid mixed signals from the Federal Reserve.

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Market experts note that gold’s stability reflects a cautious sentiment among global investors, balancing inflation concerns, economic data, and central bank policy expectations. In Pakistan, local gold traders continue to monitor international developments closely, as global movements directly influence domestic pricing.

With gold maintaining its record levels, analysts recommend investors remain alert to both local and international factors that could impact prices in the coming days.