Gold price in Pakistan today increased sharply on Wednesday, rebounding strongly after a record one-day decline. The precious metal made a surprise comeback as global prices rose and investor confidence returned.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola surged by Rs3,500, reaching Rs419,862 in local markets. The rate for 10 grams of 24-karat gold climbed by Rs3,000 to Rs359,963, while 10 grams of 22-karat gold rose to Rs329,978, marking a gain of Rs2,751.
Experts noted that the gold price in Pakistan today followed the global market trend, where prices rose amid renewed investor demand. In the international market, gold increased by $35 to reach $3,975 per ounce. Analysts attribute this rise to growing economic uncertainty, currency fluctuations, and expectations of changes in US interest rates.
They said investors are turning toward safe-haven assets like gold, seeking stability amid market volatility. The appreciation of the US dollar has also played a key role in pushing global gold prices upward.
Silver prices mirrored this trend. The 24-karat silver rate per tola increased by Rs110, reaching Rs5,034, while 10 grams traded at Rs4,315.
Analysts expect further fluctuations in the coming days as both local and international factors continue to impact gold rates. Buyers are advised to track market movements closely before making purchases.
