Gold prices in Pakistan made a strong rebound on Wednesday after a sharp dip the previous day, bolstered by gains in the international bullion market. According to the All‑Pakistan Gems and Jewellers Sarafa Association (APGJSA), the domestic rate for gold per tola jumped to Rs 431,562, an increase of Rs 7,900 compared to Tuesday. Meanwhile, 10‑gram gold surged to Rs 369,994, rising by Rs 6,773.
Tuesday had seen a decline in gold prices, with per‑tola rates falling to Rs 423,662 after a drop of around Rs 7,000. The latest upswing mirrored global market movements: international gold prices rose by US $79 to reach US $4,092 per ounce, with a reported premium of US $20. Silver also posted gains in the local market, climbing by Rs 177 per tola to settle at Rs 5,422.
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Analysts say this volatility underlines the influence of global cues on Pakistan’s bullion prices and highlights how local investors and traders respond rapidly to international price shifts.
