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business1d ago
In Pakistan, gold price rollercoaster pushes buyers to silver
- Gold prices in Pakistan rose sharply, prompting buyers to consider silver as an alternative investment.
- Industry jewellers say silver bars and jewellery are increasingly favored for investment due to gold's high cost.
- Analysts attribute demand shifts to a mix of geopolitical concerns and China's increased gold purchases.
- Retail buyers in major cities report silver as a practical alternative amid high gold prices.
- Experts say price volatility in bullion markets can be sparked by US policy signals and Middle East tensions.
- Investors monitor U.S.-China talks for cues on future metal prices, with Trump and Xi Jinping meetings cited as influential.
- Some buyers are shifting from jewellery to investment-grade silver given the price dynamics.
- Households are increasingly recycling gold and turning to artificial jewellery as a cost-saving trend.
- Pakistan's 2024 gold import value remained relatively modest on the global stage.
- The trend links to broader bullion market dynamics beyond Pakistan, including the swing between safe-haven assets.
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