Gold prices remained stable in both international and domestic markets on Thursday, while silver extended its gains, according to market data.

In the international bullion market, gold held steady at $5,058 per ounce, unchanged from the previous session.

In the local market, the price of gold per tola also remained unchanged at Rs528,562. Similarly, the price of 10 grams of gold was steady at Rs453,156.

Silver, however, recorded further increases. The price of silver per tola rose by Rs90 to reach Rs8,825, while the rate for 10 grams increased by Rs78 to Rs7,566.

Spot gold edged 0.5% lower to $5,055.24 per ounce by 0642 GMT. It closed Wednesday with a more than 1% gain.

US gold futures for April delivery lost 0.4% to $5,077.30 per ounce.

Spot silver fell 0.6% to $83.49 per ounce, after a 4% climb on Wednesday.

Spot platinum shed 1.1% to $2,109.45 per ounce, while palladium rose 0.3% to $1,705.25.

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Furthermore, on Wednesday, the Pakistani rupee posted a marginal rise of Rs0.01 against the US dollar to close at 279.66 in the inter-bank market. Meanwhile, gold prices in Pakistan moved higher, tracking gains in the international bullion market, although global prices trimmed earlier advances after strong US employment data dampened expectations of an early Federal Reserve rate cut.

In the local market, the price of gold per tola rose by Rs2,300 to reach Rs528,562, according to rates issued by the All-Pakistan Gems and Jewellers Sarafa Association. Similarly, the price of 10-gram gold increased by Rs1,972 to Rs453,156.

Silver prices also moved upwards, with the per-tola rate increasing by Rs120 to Rs8,735.

Adnan Agar, Director at Interactive Commodities, said gold prices came under pressure after stronger-than-expected US non-farm payroll data reduced the likelihood of a near-term rate cut.

He noted that gold touched highs near $5,118 but later retreated towards the $5,047 level, with support seen around $4,800 and resistance near $5,200.