Gold prices in Pakistan unchanged for second time this week

Gold rates in Pakistan remained unchanged on Thursday, with 24-karat gold selling at Rs438,862 per tola, according to the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA).

The rate for 24-karat gold per 10 grams also held firm at Rs376,253, showing no change from the previous trading session.

22-karat gold continued to be quoted at Rs344,911 per 10 grams.

In contrast, silver prices saw an uptick in the domestic market. The price of 24-karat silver rose by Rs160 to reach Rs5,642 per tola, while the 10-gram rate increased by Rs138 to Rs4,837.

Gold rate in international market

On the global front, spot gold traded near $4,165 an ounce, up $1.10 or 0.03 percent from the previous session. Analysts attributed the slight gain to growing expectations that the US Federal Reserve may cut interest rates in December, which put mild pressure on the dollar.