Gold prices in Pakistan saw a sharp rise on Wednesday as global economic signals influenced market trends. The domestic market recorded a strong movement, with prices showing an overall increase by a significant margin.
According to the All Pakistan Gems and Jewellers Association, the per tola price of gold increased by Rs11,100. This brought the new rate to Rs488,962 in the local market. The sharp rise reflects ongoing uncertainty in international markets.
The 10-gram gold price also saw an increase by Rs9,517. It settled at Rs419,206. Traders said the movement was linked to changes in global demand and currency fluctuations.
In the international bullion market, gold recorded an increase by $111 per ounce. The new global price reached $4,666 per ounce. Analysts said the trend was influenced by geopolitical developments and shifting investor confidence.
Silver prices also followed the upward trend. The per tola rate increased by Rs223, closing at Rs8,072 in Pakistan. This added further pressure on precious metal markets.
Meanwhile, the Pakistan Stock Exchange (PSX) showed strong performance on the same day. The benchmark KSE-100 index saw an increase by 2,890.17 points, or 1.75 percent. It reached 167,632.64 points during intraday trading.
Market experts linked the rise to optimism over a possible US-Iran peace deal. Investor sentiment improved after signals of diplomatic progress. Reports suggested that US President Donald Trump halted a naval operation near the Strait of Hormuz.
Oil prices, however, continued to decline for a second day. Brent crude dropped by $1.89, while US West Texas Intermediate also fell. This fall supported expectations of improved global supply conditions.
Experts said these developments contributed to shifting investment patterns. As gold prices showed an increase by strong margins, investors turned cautious in global commodity markets.
Overall, both bullion and stock markets reacted sharply to geopolitical news. The latest movements highlight how sensitive financial markets remain to global political developments.
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