Gold and silver prices fluctuate across Pakistan, India, and Dubai

Precious metal markets in Pakistan, India, and the UAE are experiencing significant volatility. In Pakistan, gold prices have seen sharp fluctuations, including a notable drop of Rs 15,100 per tola in late August, though some recent reports indicate a recovery in certain karat variants. The local market remains heavily influenced by international bullion trends and the value of the Pakistani rupee against the US dollar.

In India, gold and silver prices have also faced downward pressure. In major cities like Mumbai, Delhi, and Chennai, 24-karat gold prices have declined, with silver rates also seeing a decrease. Despite these recent drops, gold prices in India remain significantly higher than the previous year.

In Dubai, gold rates have fluctuated in response to global economic signals, specifically regarding US Federal Reserve interest rate outlooks. Traders are closely monitoring the US dollar and Treasury yields, as hawkish comments regarding inflation have influenced investor sentiment toward non-yielding assets like gold.