KARACHI — Gold rates held steady in Pakistan on Thursday as the rush to safe-haven assets eased following a brief cooling of geopolitical tensions in the Middle East.
The price per tola hovered close to its previous close of Rs 354,000, with minimal movement recorded across most bullion markets. Analysts attributed the flat trend to investors awaiting clearer signals from upcoming U.S. economic reports.
In international trade, gold prices showed only slight fluctuations as traders kept an eye on the U.S. Federal Reserve’s next policy moves and signs of stability between Iran and Israel. The cooling rhetoric from both countries over the past 24 hours also gave investors a reason to hold back.
Outlook
Gold remains poised to rally if tensions in the region spike again or if economic data weakens the U.S. dollar. Analysts suggest short-term traders watch the $2,320–$2,340 per ounce range closely, as any breakout could set the next directional move.
For now, Pakistan’s local bullion dealers say demand is slow as customers wait for prices to find a firmer foothold before making purchases.
This story has been reported by PakTribune. All rights reserved.
