Gold prices hold steady in global, local markets

Gold prices stayed unchanged in both international and local markets on Monday, with traders reporting no movement despite steady demand.

The international bullion rate held firm at $3,643 per ounce, reflecting stability in global trading.

In Pakistan, the local price also remained steady. A tola of gold was quoted at Rs386,300, while the rate for 10 grams stood at Rs331,189, according to data from the All Pakistan Gems and Jewellers Association.

Dealers said the lack of change follows stable global trends and steady currency exchange rates.

Spot gold held its ground at $3,644.07 per ounce, as of 1036 GMT. Bullion climbed about 1.6% last week, reaching a record high of $3,673.95 on Tuesday.

Elsewhere, spot silver was up 0.1% at $42.19 per ounce, platinum gained 0.5% to $1,396.40 and palladium rose 0.8% to $1,206.66.

Read: Gold price drops in local, global markets

Earlier on Saturday, gold prices fell in both domestic and international markets, tracking a slight dip in global rates.

The international bullion rate eased by $2 to $3,643 an ounce, leading to a Rs200 decline in the local 24-carat gold rate to Rs386,300 per tola, according to the All Pakistan Gems and Jewellers Association.

The price of 10 grams of 24-carat gold slid by Rs172 to Rs331,189.

Silver also registered losses, with the per-tola rate down Rs13 to Rs4,443 and 10 grams lowered by Rs11 to Rs3,807.