Gold prices recorded a sharp increase in Pakistan’s local and international markets on Wednesday. The surge reflects strong global demand and rising uncertainty in financial markets. Consumers, jewellers, and investors are directly affected by the latest price hike.
According to the All Pakistan Sarafa Gems and Jewellers Association, gold rose by 11,100 rupees per tola. The new price reached 488,962 rupees per tola in the local market. Similarly, ten grams of gold increased by 9,517 rupees to 419,206 rupees. This marks one of the biggest single-day increases in recent weeks.
Read more: Gold drops Rs3,800 per tola in Pakistan
International gold prices also surged by 111 dollars per ounce to 4,666 dollars. Analysts link the rise to global economic uncertainty and stronger demand for safe-haven assets. Ongoing geopolitical tensions have further pushed investors toward gold. As a result, both local and global markets saw a synchronized upward trend.
Silver prices also increased in the domestic market alongside gold. The price per tola rose by 223 rupees to reach 8,072 rupees. This indicates a broader strengthening trend in precious metals. Market experts expect continued volatility depending on global financial developments.
Read more: Gold prices decline by Rs 2,100 per tola
Experts believe inflation concerns, currency pressure, and global instability may keep prices elevated. Investors are closely watching international markets for further direction. Any new geopolitical or economic shocks could drive additional price increases.