Gold and silver prices remained unchanged on Wednesday in both international and domestic bullion markets, holding firm at historic highs after six consecutive sessions of gains.
In the global bullion market, gold steadied at $3,654 per ounce, showing no change compared to previous sessions (source: Reuters). Locally, according to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), 24-karat gold held at a record Rs388,100 per tola and Rs332,733 per 10 grams ( Dawn News).
Silver prices also stayed stable, with Rs4,358 per tola and Rs3,736 per 10 grams recorded in local markets.
On Tuesday, gold surged by Rs4,100 per tola to reach its all-time high of Rs388,100, while the rate for 10-gram gold rose Rs3,514, setting another record. The previous day, Monday, had already seen a dramatic rise of Rs6,100 in a single day, pushing gold to Rs384,000 per tola.
Internationally, gold prices are on a record-setting rally as investors anticipate a potential US interest rate cut in September, which has weakened the dollar and Treasury yields. Traders are closely watching upcoming US inflation data for further market cues (source: Al Jazeera).
This stability in prices highlights growing investor demand for safe-haven assets amid global economic uncertainty. Analysts suggest that the combination of interest rate expectations, currency fluctuations, and inflation trends will continue to drive volatility in bullion markets over the coming weeks.
