Gold, silver prices unchanged in Pakistan and international markets

Prices of gold and silver remained stable in domestic and international markets on Saturday.

In the local market, the price of gold per tola held steady at Rs490,362, while 10 grams of gold remained at Rs420,406.

On the global market, gold prices per ounce were stable at $4,676.

Silver prices also remained firm, with one tola trading at Rs7,794 and 10 grams at Rs6,682. Globally, the price of silver per ounce held steady at $73.10.

Read: SBP injects Rs13.68tr into market

Yesterday, gold prices in Pakistan rose, tracking an upward trend in the international market. In the domestic market, the price of gold per tola climbed by Rs3,400 to settle at Rs490,362.

Likewise, the price of 10 grams of gold increased by Rs2,915, reaching Rs420,406, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).

A day earlier, on Thursday, gold prices had declined, with the per tola rate falling by Rs7,100 to Rs486,962.

In the global market, gold prices gained $34, reaching $4,676 per ounce, including a $20 premium.

Moreover, silver prices also moved higher, rising by Rs160 to Rs7,794 per tola.

Meanwhile, on Friday, the Pakistani rupee posted a slight gain against the US dollar in the interbank market.

By the close of trading, the local currency stood at 279.10, appreciating by Rs0.01 against the greenback. On Thursday, it had settled at 279.11.

In global markets, China's yuan strengthened against the US dollar as the latter steadied, with investor attention shifting to the release of US payroll data later in the day.

The dollar had surged a day earlier on safe-haven demand after US President Donald Trump signalled that the Iran conflict could persist.

The spot yuan opened at 6.8930 per dollar on Friday and was last trading 37 pips higher than its previous close.