Gold price in Pakistan increased sharply on Wednesday as local and global markets saw another strong rise in bullion rates. The domestic market recorded a significant jump, showing renewed demand and pressure from rising international prices.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold rose by Rs2,300 per tola, reaching Rs438,862. This came only a day after prices remained stable. The rate of 10 grams of 24-karat gold also increased by Rs1,972, pushing the price to Rs376,253.
In the same trend, the price of 10 grams of 22-karat gold climbed by Rs1,808 to reach Rs344,911. This steady rise reflects continued investor interest in safe-haven assets amid uncertain economic conditions.
The international gold rate also surged. Global prices increased by $23 per ounce, settling at $4,165. Experts say this rise is driven by shifting currency trends, global uncertainty, and stronger investor demand for precious metals. The gold price in Pakistan often follows these global movements, causing sharp fluctuations in local markets.
Silver prices also moved upward. The price of 24-karat silver increased by Rs60 per tola, reaching Rs5,482. The rate for 10 grams of silver rose by Rs51, now priced at Rs4,699.
Traders expect more volatility in the gold market in the coming days as international demand remains high and global prices continue to climb.
