POLITICS & POLICY MAKING
Market Rebound
After several days of sliding prices, the cost of gold has jumped by Rs 800 per tola. According to the All Pakistan Gems and Jewellers Association, this brings the current price for 24-karat gold to Rs 493,962 per tola.
The price for 10 grams of gold also saw a significant increase, rising by Rs 686 to settle at Rs 423,492.
Global Influence
The local hike is a direct reflection of the international market, where the precious metal gained $8, reaching a high of $4,716 per ounce. Analysts suggest that despite ongoing diplomatic efforts to stabilize the Middle East, the "stop-start" nature of ceasefire talks and economic uncertainty continue to drive investors toward gold as a safe-haven asset.