Gold prices rebound sharply in Pakistan after yesterday’s steep decline

Gold prices in Pakistan rebounded sharply on Tuesday, reversing a previous day’s decline, as local rates climbed in line with renewed movements in international bullion markets.

According to market data, the price of gold per tola increased by Rs 16,300 to reach Rs 464,062. Similarly, the price of 10 grams of gold rose by Rs 13,975, settling at Rs 397,858.

The latest increase comes a day after gold prices had dropped significantly in the domestic market, mirroring a steep fall in global bullion prices that had pushed gold to a four-month low internationally. Analysts attributed the earlier decline to global economic uncertainty, shifting interest rate expectations, and volatility driven by geopolitical tensions.

In international markets, gold had been under sustained pressure following a prolonged losing streak, with prices falling sharply amid concerns over inflation trends, monetary policy direction, and fluctuations in the US dollar. However, recent price movements suggest a partial recovery as investors respond to ongoing instability in global financial and geopolitical conditions.

Other precious metals have also experienced similar volatility, reflecting broader uncertainty in commodity markets as traders weigh inflation risks against potential changes in central bank policies.

Market observers say gold is likely to remain sensitive to developments in global conflicts, interest rate expectations, and currency movements in the coming days.