Discover the Gold price stability in Pakistan, with 24-karat gold holding steady at Rs239,400 per tola and Rs205,247 per 10 grams, confirmed by the Karachi Sarafa Association. Silver prices also stay the same. Let’s find out more about Gold price stability in Pakistan
1. Unchanged Gold Rates
In Pakistan, the price of gold remains stable, with 24-karat gold selling at Rs239,400 per tola. The Karachi Sarafa Association confirms this, reporting the same price for 24-karat gold at Rs205,247 per 10 grams as in the previous session.
2. Consistent Silver Prices
Silver prices remain the same in the local market, with 24-karat silver at Rs2,750 per tola and Rs2,358 per 10 grams.
3. Global Market Overview
Internationally, spot gold maintains its position near $2,296 an ounce. Gold Market experts attribute the recent 3.5% drop in gold prices in Pakistan and 7% drop in silver prices to various factors, including economic reports and geopolitical tensions.
4. Influence of Economic Factors
A recent strong jobs report has lowered hopes for rate cuts, which has affected gold prices.
5. Federal Reserve’s Role
Investors watch closely how the Federal Reserve deals with inflation and interest rates. They wait for more information before deciding on rate changes.
6. Impact of China’s Decisions
China’s recent halt in gold purchases after an 18-month buying spree has influenced market dynamics, reflecting broader economic strategies.
7. Conclusion and Future Outlook
Even with uncertainties, gold has remained strong through changing market conditions.Investors continue to monitor global economic indicators for insights into future price trends.
For the latest updates on gold prices and market analysis, visit Daily Gold Signal.
