Gold prices in Pakistan moved higher on Wednesday, ending a two-day decline as international bullion markets recorded fresh gains. The increase in global prices was reflected in the local market, pushing up the rates of both per tola and 10 grams of gold.
According to data released by the All Pakistan Gems and Jewellers Association, the price of one tola of Gold increased by Rs900. Following the latest rise, the new per tola rate reached Rs425,036 across the country.
The price of 10 grams of gold also recorded an increase. It rose by Rs771 to settle at Rs364,399. The upward movement came after local markets followed the positive trend seen in international trading.
Meanwhile, silver prices remained unchanged during the trading session. One tola of silver continued to trade at Rs6,289, showing no change from the previous day.
In the international market, Gold prices also strengthened. The precious metal gained $9 per ounce, taking the global rate to $4,026 per ounce. Analysts said the increase in international prices supported the rise in Pakistan’s local bullion market.
Market experts often note that domestic gold prices are influenced by international rates and currency movements. When global prices increase, local markets usually respond in the same direction.
Apart from the precious metals market, global energy prices also continued to rise on Wednesday. Oil prices extended their gains from the previous trading session as geopolitical tensions in the Middle East raised concerns about global supply.
Brent crude futures climbed by $1.71, or around 2 percent, to trade at $86.44 per barrel. U.S. West Texas Intermediate (WTI) crude also gained $1.43, or nearly 1.8 percent, reaching $80.77 per barrel.
The rally in oil prices was linked to reports that U.S. President Donald Trump had reinstated a naval blockade targeting Iranian ports. At the same time, Iran’s Islamic Revolutionary Guard Corps warned that additional export routes used by the United States and its allies could be closed.
These developments increased concerns about possible disruptions to global energy supplies and major shipping routes. Investors closely monitored the situation as uncertainty in the region continued to influence commodity markets.
The latest gains followed a strong performance in the previous trading session. Both Brent and WTI crude had already risen by around 2 percent, reaching their highest levels in nearly one month.
Despite fluctuations, Gold remains one of the most closely watched investment assets in Pakistan. Many investors continue to view it as a safe store of value during periods of economic uncertainty and global market volatility.
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With international markets remaining sensitive to geopolitical developments, analysts expect both gold and oil prices to continue reacting to global events in the coming days. Local bullion traders will also keep a close watch on international price movements before setting future rates.
