Gold rates maintain a steady level in Pakistan
Gold and Silver Prices Remain Stable in Pakistan's Local Market
In a recent announcement, the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) revealed that the gold prices in Pakistan's local market remained unchanged on Thursday. The gold price per tola, which reached Rs388,600 on Wednesday, remained steady at the same level on Thursday.
This stability in the gold market comes after a decline of Rs2,400 in gold prices during the day on Wednesday. The international gold price per ounce, however, remained stable at $3,668. There was no change in the gold price per tola in the international stock market as well.
Meanwhile, the silver market in Pakistan witnessed a slight increase. The silver price per tola increased by Rs31 in Pakistan, with the new silver price per tola now standing at Rs4,418.
Interestingly, despite the slight increase in the silver price, the 10-gram gold in Pakistan remained at Rs333,161 as per the APGJSA rates. This indicates a stable gold market in Pakistan overall, with both gold and silver prices showing a degree of consistency.
The chairman of the APGJSA, Rizwan Hafeez, made the announcements regarding the gold and silver prices in the local market. Hafeez is a key figure in the jewellery industry in Pakistan, responsible for setting the gold and silver prices in the local market.
In conclusion, the gold and silver markets in Pakistan showed a degree of stability on Thursday, with gold prices remaining unchanged from Wednesday and silver prices experiencing a slight increase. The international gold market also remained steady, with no change in the gold price per ounce.
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