Key Points
- 24-karat gold per tola rises to Rs 453,562, 10-gram gold at Rs 388,856
- Trading influenced by international spot gold, now around $4,312 per ounce
- Silver prices remain elevated, approaching record levels
- Investors continue to view precious metals as safe-haven assets
ISLAMABAD: The gold market in Pakistan recovered partially from the preceding session’s decline on Wednesday, supported by firm international bullion prices and steady domestic demand.
According to the All Pakistan Gems and Jewellers Sarafa Association, 24-karat gold per tola traded at Rs 453,562, up Rs 2,700. Gold had lost Rs 4000 per tola on Tuesday. The precious metal’s 10-gram unit also improved by Rs 2,315 to Rs 388,856.
Spot gold in international markets strengthened by roughly $27 to $4,312 per ounce, providing momentum to domestic rates and reinforcing gold’s appeal as an investor haven amid global economic uncertainty.
Silver also held near elevated levels, with per tola prices approaching all-time highs as investors balance their portfolios between gold and silver following strong recent gains.
Analysts said the rise in gold prices reflects a combination of international support and local buying interest. Precious metals continue to attract investors when risk appetites decline in broader financial markets, while central bank policies and currency fluctuations further influence buying trends. Bullion traders noted gold’s role as a hedge against inflation remains a key driver of demand.
International observers reported that bullion markets have trended upward in recent weeks due to sustained demand and geopolitical tensions, making gold a preferred asset amid volatile yields and currency movements.
Dealers in Karachi and other major cities reported consistent demand for gold jewellery and investment bars, responding to both local and global price movements. Silver retained strong investor interest, with prices staying near record levels due to robust industrial and investment demand.
Experts expect gold prices to remain sensitive to international bullion market movements, currency shifts, and broader market sentiment. Volatility in global markets and potential changes in monetary policy will likely continue to influence domestic precious metal prices.
