Gold and silver prices in Pakistan rose sharply on Tuesday after the market reopened, recovering from losses seen over the past three days. The brief pause in trading was followed by a strong rebound, bringing some relief to investors and traders.
The price of gold increased by Rs13,700 per tola, reaching Rs540,062. Silver also moved up, with its price rising by Rs416 per tola to reach Rs8,821. The upward trend was not limited to the local market. In the international market, gold prices jumped by $137 per ounce to $4,813, while silver recorded a strong gain of around 10 percent, reaching $87.40 per ounce.
This recovery came after a difficult start to the week, during which gold prices had fallen sharply and even dropped below Rs500,000 per tola. Analysts say the sudden price movements are linked to changes in global financial markets and expectations around interest rates. They added that precious metals remain highly sensitive to international developments, which is why prices can rise or fall quickly within a short period.
