KARACHI: Gold prices remained unchanged in Pakistan on Friday, with the local market reporting no change in rates.
According to market data, the price of gold stood at Rs483,036 per tola.
The price of 10 grams of gold also remained unchanged at Rs414,125.
Gold prices in Pakistan are set daily based on movements in the local bullion market and international gold rates.
Gold Prices Rise Slightly in Global Market
Meanwhile, gold prices edged higher in international markets.
According to Reuters, spot gold rose 0.1% to $4,607.47 per ounce.
U.S. gold futures showed little change and stood at $4,661.20 per ounce.
Gold had climbed to a more than three-month high of $4,696.18 per ounce on Tuesday, according to the report.
The rise came after the U.S. Treasury announced measures to support longer-term bonds.
Kyle Rodda, a senior financial market analyst, said gold had maintained an overall positive trend in recent days.
He said gold could regain the $5,000-per-ounce level by the end of the year.
However, he said the outlook would depend on statements from the U.S. Federal Reserve and possible changes in monetary policy.
