Markets

Gold prices remain stable in Pakistan

Published Updated

Gold prices in Pakistan remained stable on Tuesday in the local market at Rs444,900 per tola.

As per the rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), 10-gram gold was sold at the same rate of Rs381,430.

On Monday, gold price per tola reached Rs444,900 after a decline of Rs1,400 during the day.

Meanwhile, the international rate of gold remained at $4,235 per ounce (with a premium of $20), as per APGJSA.

Moreover, silver price per tola was also sold for Rs5,261.

Whereas, International gold prices inched lower on Tuesday, as investors booked profits after bullion hit a fresh high in the previous session on hopes of further interest rate cuts from the U.S. Federal Reserve and strong safe-haven demand.

Spot gold was down 0.3% at $4,340.29 per ounce, as of 0248 GMT, having hit an all-time high of $4,381.21 on Monday.

U.S. gold futures for December delivery eased 0.1% to $4,356.40 per ounce.