Gold prices in Pakistan saw a significant rise on Wednesday, mirroring strong gains in the international market and reversing the dip recorded a day earlier. The latest data from the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) shows that the price of gold per tola jumped by Rs. 7,900, reaching Rs. 431,562 in the local market.

Similarly, the price of 10-gram gold increased by Rs. 6,773, bringing the new rate to Rs. 369,994. The sharp upward movement marks a notable recovery after Tuesday’s decline, when gold per tola fell by Rs. 7,000 to settle at Rs. 423,662.

The local surge is closely tied to international market momentum, where gold prices climbed by $79, pushing the global rate to $4,092 per ounce. APGJSA reported that this figure includes a premium of $20, reflecting strong demand and continued market volatility worldwide.

Analysts say the sudden rise in both domestic and global gold prices comes amid shifting investor sentiment, with many turning to precious metals as a safe haven against inflationary pressures and economic uncertainties. The increase also follows fluctuations in the dollar and broader commodity markets, which continue to influence local pricing trends.

Silver prices in Pakistan also moved upward during the day. According to APGJSA, silver gained Rs. 177 per tola, bringing the new price to Rs. 5,422, indicating that both precious metals are experiencing renewed buying interest.

With gold and silver showing consistent upward movement, jewellers and market watchers expect continued price volatility in the coming days, driven by global economic signals and currency market shifts.