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2 clusters · 27 sources · 5 days · First seen 14 days ago · Last updated 10 days ago

Precious metal price volatility in Asian and Middle Eastern-

Overview

Gold and silver prices continue to experience volatility across major markets in India, Pakistan, and the United Arab Emirates.

In Pakistan, gold rates have maintained a downward trend. The All Pakistan Gems and Jewellers Sarafa Association reported 24-karat gold rates between Rs 448,336 and Rs 453,936 per tola. In the UAE, prices have eased from recent highs, with 18-karat gold trading below Dh400 per gram and 24-karat gold near Dh523.

In India, the market shows significant regional variation. While gold prices previously declined, recent data shows 24-karat gold reaching approximately ₹1,53,000 per 10 grams and 22-karat gold priced around ₹1,40,260 per 10 grams in metropolitan areas such as Delhi, Mumbai, Kolkata, Chennai, and Bengaluru. Conversely, silver has faced a notable decline, dropping to approximately ₹2,44,900 per kilogram in some regions—a decrease of nearly ₹10,000 over a one-week period due to pressure on international spot markets.

Market analysts attribute these movements to several global factors, including US Federal Reserve monetary policy, fluctuations in the US Dollar Index, crude oil prices, and global inflation. The current volatility in India occurs ahead of the upcoming festive and wedding seasons, which typically drive increased consumer demand.

Entities

India · COMEX · Pakistan · United Arab Emirates · All Pakistan Sarafa Gems and Jewellers Association

Timeline

10 days ago

[BUSINESS] 23 sources
Gold and silver prices fluctuate across South Asian markets
Gold and silver prices are seeing significant volatility in India and Pakistan, influenced by global bullion trends, US dollar strength, and geopolitical tensions.
14 days ago

[BUSINESS] 7 sources
Gold and silver prices fluctuate across major Indian markets
Gold and silver prices in India have seen volatility, with 24-carat gold rates fluctuating across major cities like Delhi and Mumbai amid shifting international market conditions.

Sources

aajsamaaj.com · agniban.com · dailytimes.com.pk · emirates247.com · en.dailypakistan.com.pk · enavabharat.com · english.mathrubhumi.com · gulfnews.com · hindi.news18.com · indtoday.com · javedch.com · kalingatv.com · khabarfast.com · latestly.com · mpbreakingnews.in · navabharat.com · navbharatlive.com · netmag.pk · newsindialive.in · prabhatkhabar.com · punjabkesari.com · samacharnama.com · techx.pk · theneutral.pk · timesbull.com · urdu.arynews.tv · zoomnews.in

This summary has been updated 4 times: see revision history