Gold prices in Pakistan rebound sharply amid continued global market volatility and currency fluctuations
Karachi: Gold prices in Pakistan rebounded sharply on Friday after a steep decline in the previous session, reflecting continued volatility in both local and international bullion markets.
According to market data, the price of gold rose by Rs3,000 per tola to Rs497,662, compared with Thursday’s level of Rs494,662. The rate for 10 grams also increased by Rs2,572 to Rs426,664, recovering part of the losses recorded a day earlier.
On Thursday, gold had fallen sharply by Rs9,500 per tola and Rs8,145 per 10 grams after reaching record highs earlier in the week. Analysts attributed the sudden swings to fluctuations in global bullion prices and movements in the Pakistani rupee against major currencies.
Experts said that gold continues to behave as a safe-haven asset amid ongoing economic uncertainty and shifting geopolitical conditions, leading to heightened price volatility in recent weeks. They added that domestic rates are likely to remain sensitive to international market trends and currency movements.
Meanwhile, the Pakistan Stock Exchange extended its upward momentum, with the benchmark KSE-100 Index rising more than 1 percent in early trading.
The index gained 1,932 points to reach 167,449, supported by improved investor sentiment following a ceasefire in the Middle East. Broader Asian markets also traded higher, with gains seen across Japan, South Korea, and Indonesia.
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