Gold prices in Pakistan experienced a significant rebound on Friday, recovering from the steep losses recorded in the previous session. The price per tola increased by Rs3,000, reaching Rs497,662 compared to Thursday’s rate of Rs494,662, which had seen a sharp decline.
Similarly, the cost of 10 grams of gold rose by Rs2,572 to Rs426,664, up from Rs424,092 the day before. This recovery came after Thursday’s dramatic drop, when gold prices fell by Rs9,500 per tola and Rs8,145 per 10 grams, following record highs earlier in the week.
Market analysts attributed these price fluctuations to changes in international bullion markets and the Pakistani rupee’s exchange rate. Gold, often regarded as a safe-haven asset during times of economic uncertainty, has experienced increased volatility recently due to shifting global financial conditions and geopolitical tensions.
Traders noted that the latest price rebound reflects renewed pressure in global markets, cautioning that domestic gold prices will likely remain sensitive to international trends and currency movements.
Meanwhile, shares at the Pakistan Stock Exchange extended their gains on Friday, with the benchmark KSE-100 index rising more than 1 percent in early trading. The index climbed 1,932 points, or 1.17 percent, to reach 167,449, continuing the bullish momentum observed throughout the week.
Analysts linked this positive market sentiment to easing geopolitical tensions following a ceasefire in the Middle East, which boosted investor confidence across the region. Asian equities also saw gains, with benchmark indices in Japan, South Korea, and Indonesia increasing by around 2 percent, while markets in India and Vietnam rose approximately 1 percent. Meanwhile, stock markets in Shanghai and Hong Kong showed marginal improvements.
