Islamabad / Karachi, 24 September 2025 — After gold prices in Pakistan ascended to historic highs just a day prior, the market today showed signs of consolidation. Both local and global gold rates remained stable, as buyers and sellers digested the new levels.

Domestic Market: No Movement

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola held steady at Rs 398,800, with 10 grams likewise unchanged at Rs 341,906.

On the silver front, the trend mirrored gold: a tola of 24K silver sold at Rs 4,637, and 10 grams at Rs 3,975.

In some city markets, these rates were confirmed without deviation, reinforcing the sense that yesterday’s leap had become the new plateau.

Global Scene: Steady at the Top

Internationally, gold too showed little volatility. The spot price hung at $3,770 per ounce as markets adjusted to yesterday’s record highs.

Analysts say gold is buoyed by expectations that central banks—especially the U.S. Federal Reserve—may pivot toward rate cuts, as well as by broader macroeconomic and geopolitical uncertainty. Reuters

What’s Driving This Stability?

• Profit taking & resistance: After a sharp spike, many traders may be waiting for confirmation before pushing prices higher.
• Safe-haven appeal: Gold remains attractive amid global uncertainty, which lends it support even in sideways markets.
• Expectation of rate easing: If the Fed signals loosening, higher gold demand could follow. Reuters
• Currency dynamics: Movements in the rupee-dollar exchange rate play a big role in how gold behaves in Pakistan.

What to Watch Next

• Breakouts or pullbacks: Will gold break above yesterday’s highs, or will it retrace?
• Monetary policy signals: Any comments or policy shifts from major central banks, especially the Fed, could tip the balance.
• Rupee strength/weakness: A weakening rupee tends to push local gold rates upward, all else equal.
• Local demand & supply: Festivals, weddings, and import rules may inject volatility.