Gold prices in Pakistan experienced sharp ups and downs this week, reflecting global market shifts and local currency movements.
On Monday, August 4, the gold rate surged by Rs500 per tola, starting the week on a positive note for investors.
However, the momentum quickly reversed on Tuesday, August 5, when prices dropped sharply by Rs 1,500 per tola.
The downward trend did not last long. On Wednesday, August 6, gold prices rebounded, rising by Rs1,300 per tola as global prices gained strength.
The rally continued on Thursday, August 7, with a significant jump of Rs2,900 per tola, the biggest single-day increase of the week, driven by international gold demand and uncertainty in currency markets.
The week closed on Friday, August 8, with another Rs500 per tola increase, pushing gold rates higher and showing strong investor interest ahead of the weekend. However, on Saturday, August 9, prices fell by Rs300 per tola.
Read More: Weekly report: Gold prices in Pakistan drop sharply