At the onset of this week, the gold market in Pakistan showed resilience, with prices remaining stable despite the backdrop of political uncertainties.
As reported by the Karachi Sarafa Association, the rate for 24-carat gold stayed at Rs. 214,300, and the cost for 10 grams was recorded at Rs. 183,728 on Monday. This stability comes after a week where gold prices saw a reduction of Rs. 1,700 per tola, influenced by a decline in the global market.
On the global front, the price of spot gold was observed at $2,022.39 per ounce early in the morning GMT, with US gold futures also holding their ground at $2,036.20 per ounce. This steadiness in the international arena reflects a cautious approach among investors and traders.
Despite facing political challenges, the gold market in Pakistan has demonstrated a notable steadiness. Investors and market watchers remain vigilant, keeping an eye on both local and global cues that could influence future pricing.