Local bullion mirrors international recovery after sharp one-day decline
In a sharp reversal on Tuesday, gold prices in Pakistan surged after a steep drop in the previous session, tracking a partial recovery in international bullion markets.
According to market data, the price of per tola gold jumped by Rs 16,300 to Rs 464,062, while 10-gram gold increased by Rs 13,975 to settle at Rs 397,858.
The rebound follows a significant decline a day earlier, when local rates mirrored a global selloff that pushed gold to a four-month low.
Analysts say the earlier pressure stemmed from shifting expectations over US interest rates, inflation trends, and persistent volatility in global geopolitical conditions.
In international markets, bullion remained under strain after a prolonged losing streak, as a stronger US dollar and uncertain monetary policy outlook weighed on investor sentiment. However, late-session buying and renewed safe-haven demand helped stabilize prices.
Other precious metals also fluctuated, reflecting broader uncertainty across commodity markets as traders reassess inflation risks and central bank policy signals.
Market observers expect gold to remain volatile in the near term, with price direction closely tied to geopolitical developments, currency movements, and interest rate expectations.
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