Gold prices in Pakistan continue to remain above the Rs. 4.5 lakh mark, even as jewellers across the country stage protests against rising costs and market conditions.
Despite pressure from the jewellery trade community, the domestic gold market has shown little sign of decline, reflecting ongoing volatility in global and local pricing trends. Traders report that demand remains relatively steady, even though higher prices have slowed down purchasing activity among consumers.
Jewellers’ associations have raised concerns over taxation policies, import restrictions, and increasing operational costs, arguing that these factors are driving prices upward and hurting business activity. Nationwide demonstrations have been held to demand policy relief and market stabilization measures.
READ MORE:Windows 11 Hidden Setting Can Improve Performance and Battery Life — Here’s How It Works
However, market analysts suggest that international gold rates, currency fluctuations, and inflationary pressure are the primary reasons behind the sustained high prices in Pakistan. The local market remains closely tied to global bullion trends, limiting the impact of domestic protests on pricing.
Consumers, meanwhile, are feeling the strain as gold continues to be unaffordable for many households, especially ahead of the upcoming wedding season, which traditionally drives higher demand.
Experts believe that unless global prices stabilize or the rupee strengthens significantly, gold is likely to remain at elevated levels in the near future.
