Gold price in Pakistan unchanged for third time in a week

Pakistan’s gold market saw no change in prices on Friday, marking the second straight day and third instance this week that local bullion rates held firm. The per-tola price stood unmoved at Rs438,862, the same as Thursday, according to market data released by the All-Pakistan Gems and Jewellers Sarafa Association.

The rate for 10 grams of gold also stabilised at Rs376,253, reflecting consistency across major trading hubs in the country.

Domestic silver prices followed the same pattern, remaining at Rs5,642 per tola in local markets.

Global momentum, local pause

While Pakistan’s market stayed calm, international gold prices recorded a rise early Friday. Spot gold climbed 0.8 percent to reach $4,189.61 per ounce by 0303 GMT, the highest level seen since November 14. The metal was on track for a weekly gain of 3 percent and a monthly rise of nearly 4 percent, poised for its fourth consecutive month of growth.

US gold futures for December delivery also inched up 0.5 percent, trading at $4,221.30 per ounce.

The global increase comes amid expectations that the US Federal Reserve could lower interest rates at its December meeting. A potential rate cut tends to drive higher interest in gold, as investors view it as a safer place to park money during periods of lower borrowing costs.

Despite the gains abroad, the benchmark international rate for Pakistan, which includes a $20 premium, stayed unchanged at $4,165 per ounce on Friday. Local rates usually adjust after factoring in currency movement and import costs, which is why domestic and global prices do not always move together on the same day.

For now, Pakistan’s bullion prices remain fixed, offering buyers a small window of predictability amid a bullish global trend.