Urooj Niazi 
Prices of gold have risen sharply for the likes of Karachi, gold price in Pakistan arrived at $2,708 per ounce like in other international countries. 24 carat gold per tola rose by Rs 500 to reach Rs 282,900 and 10 grams gold price in Pakistan increased by Rs 429 to Rs 242,541.
Some market analysts however explain the rising gold prices to various factors that among them include expectation on Donald Trump’s policy. Goldman Sachs in their recent reports asserts that due to the persistent rallying of gold prices, the precious metals could dodge proposed tariffs. Pakistan’s local markets have been sensitive to the rise in gold prices especially complicated by the current volatile global situation.
As with gold prices, the indicators continued with the positive trend while Silvers markets demonstrated the opposite. The current gold price in Pakistan indicates that it is at or below a series of fundamental drivers: cooler core inflation data and Fed Governor Waller’s dovish speech. These reasons have made the traders expect two rate cuts this year which boosted the gold price both internationally and within Pakistan.
