Market volatility continues as international rates and currency pressures drive fluctuations
Gold prices in Pakistan rebounded sharply on Friday after a brief decline in the previous session, with rates rising by more than Rs3,000 per tola across the country, according to data released by the All Pakistan Gems and Jewelers Association.
The association reported that the price of gold per tola increased by Rs3,400, reaching Rs490,362. Similarly, the price of 10 grams of gold climbed by Rs2,915 to settle at Rs420,406. The latest increase comes just one day after a significant drop of Rs7,100 per tola, highlighting persistent instability in the bullion market.
Market analysts said the ongoing fluctuations are being driven by movements in international gold prices, changes in currency exchange rates, and uncertainty in global financial conditions. Traders noted that demand remains cautious as buyers and investors respond to rapid price swings.
Experts added that such volatility has become more frequent in recent weeks, reflecting broader inflationary pressures and global economic uncertainty. Jewelers say retail activity remains subdued as customers delay purchases amid unpredictable pricing trends.
Gold Market Volatility in Pakistan
Gold prices continue to show sharp ups and downs, making short-term forecasting difficult for traders and investors. Analysts believe the domestic market remains closely tied to international trends and the rupee-dollar parity. Until global conditions stabilize, further price swings are expected in the local bullion market.
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