(Web Desk) – Gold prices in Pakistan moved higher on Wednesday, gaining Rs1,300 per tola after a two-day decline, as the international bullion market showed renewed strength and boosted local investor sentiment.
According to market data, the price of 24-carat gold increased to Rs516,062 per tola, reflecting a notable upward trend aligned with global market movements. The price of 10 grams of gold also rose by Rs1,114, reaching Rs442,439 in domestic trading.
The recovery comes amid an increase in international gold prices, where bullion advanced by $13 per ounce to stand at $4,933, driven by shifting global economic expectations and continued demand for safe-haven assets. Analysts note that fluctuations in global gold markets often have a direct impact on local pricing in Pakistan due to currency dynamics and import-linked valuation.
Silver prices also followed the upward trajectory. In Pakistan’s local market, silver gained Rs32 per tola, climbing to Rs8,046, indicating broader strength across precious metals.
Market experts say that gold continues to attract investors amid uncertainty in global financial markets, inflation concerns, and geopolitical developments, which typically increase demand for commodities viewed as hedging instruments. In Pakistan, gold prices are additionally influenced by exchange rate movements, import costs, and domestic demand patterns, particularly ahead of seasonal buying cycles.
Despite recent volatility, precious metals remain a key area of focus for traders and investors monitoring economic signals and global market trends. Analysts expect gold prices to remain sensitive to international developments, including interest rate expectations, currency fluctuations, and investor risk appetite.
With global bullion markets showing signs of stability, local traders anticipate continued price adjustments in the coming sessions, depending on external market cues and domestic economic indicators.
