Overview
- Pakistan’s domestic gold reversed a steep drop to rise Rs5,000 to Rs475,362 per tola on Thursday after international spot gold rallied about 1 percent, according to the All Pakistan Gems and Jewellers Association.
- A day earlier the same market had recorded a fall of Rs6,800 per tola to Rs470,362, a swing local traders attribute to the typical one‑day lag with global bullion moves.
- Indian silver futures on the MCX suffered a sharp correction, sliding about Rs4,153 to roughly Rs270,112 per kg as traders booked profits and global safe‑haven demand eased.
- Markets cited US President Donald Trump’s remarks that talks with Iran were in the final stages and changing Fed rate expectations as the main international triggers that shifted flows into or out of precious metals.
- Policy and structural factors amplified the moves: India’s recent hike in import duty to 15 percent and tighter silver import rules supported domestic price levels and made local prices more sensitive to sudden global swings.