Gold prices in Pakistan rebounded sharply on Thursday, reversing recent losses as international bullion markets recorded strong gains amid renewed investor demand for safe-haven assets.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold increased by Rs9,100 per tola to reach Rs428,736.
The rate for 10 grams of 24-karat gold rose by Rs7,802 to Rs367,572, while 10 grams of 22-karat gold gained Rs7,152, taking the price to Rs336,953.
Internationally, gold prices climbed by $91 per ounce to $4,063, reflecting stronger demand in global markets as investors responded to economic uncertainty and geopolitical developments.
Silver prices also moved higher. The domestic price of silver increased by Rs203 per tola to Rs6,445, while the international silver price rose by $2.03 per ounce to $59.66.
Market analysts attributed the gains in precious metals to changing global risk sentiment, with investors seeking safer assets amid ongoing geopolitical tensions and uncertainty in financial markets. Gold continues to be viewed as a hedge against inflation, currency depreciation and economic instability.
Analysts said future price movements will depend on global economic conditions, central bank monetary policies and geopolitical developments affecting investor confidence.
Recent diplomatic activity in the Middle East also remained in focus. Reports of indirect talks between the United States and Iran making positive progress in Doha, along with efforts to ease regional tensions, have influenced market sentiment, although investors continue to monitor uncertainty surrounding key geopolitical issues.
The recovery in gold prices follows a period of volatility in both domestic and international bullion markets. Traders expect prices to remain sensitive to global economic data, interest rate expectations and developments in international conflicts that could affect demand for safe-haven investments.
Market participants will also closely watch upcoming policy decisions by major central banks and movements in the US dollar, both of which are expected to play an important role in determining the direction of gold prices.