Gold prices in Pakistan rebounded sharply, rising by Rs3,400 per tola in the latest trading session, while silver also recorded notable gains in both local and international markets. The increase comes after a significant drop a day earlier, highlighting continued volatility in the bullion market.

According to market data, gold reached around Rs490,362 per tola, while the price of 10 grams increased by Rs2,915 to approximately Rs420,406. Silver prices also moved upward, with per tola rates rising by about Rs 160.

Internationally, gold prices climbed by around $34 per ounce, supporting the upward trend in domestic markets. Analysts attribute these fluctuations to global economic uncertainty, rising oil prices, and currency movements, particularly the strength of the US dollar.

The earlier decline in prices was linked to pressure from a stronger dollar and expectations of higher interest rates, which typically reduce demand for non-yielding assets like gold. However, renewed geopolitical tensions—especially in the Middle East—have revived investor interest in gold as a safe-haven asset.

Experts note that gold prices are likely to remain volatile in the near term, driven by global market trends, inflation concerns, and ongoing geopolitical developments affecting investor sentiment worldwide.