Gold prices moved up in Pakistan on Wednesday, tracking gains in the international market. The increase came a day after a notable fall, showing how quickly the market is shifting this month.
According to rates shared by the All Pakistan Gems and Jewellers Sarafa Association, the price of gold reached Rs516,062 per tola after gaining Rs1,300 during the day. The price of 10 gram gold also went up by Rs1,114 to Rs442,439.
A day earlier, on Tuesday, gold had dropped sharply. The price per tola had fallen by Rs9,000 to settle at Rs514,762, reflecting pressure from the global market at that time.
Silver prices also recorded an increase. The metal rose by Rs32 to reach Rs8,046 per tola in the local market.
Global market supports prices
Internationally, gold prices moved higher in thin trading, recovering from a one week low seen in the previous session. The global rate increased by $13, taking gold to about $4,933 per ounce, with an added premium of $20.
Spot gold rose about 1.2 percent during early trading, while US gold futures for April delivery also moved up. Market analysts described the rise as a technical rebound after prices had dropped earlier due to easing geopolitical tensions.
Investors are now watching for signals from the US Federal Reserve, particularly the minutes from its January policy meeting. The upcoming US Personal Consumption Expenditures report, due later this week, is also expected to guide expectations about future interest rates.
Gold usually performs better when interest rates are low, as it does not offer any yield. Market expectations suggest the Federal Reserve could begin cutting rates around mid year if inflation continues to ease, though officials remain cautious about inflation risks.
Gold movement in Pakistan during February 2026
Gold prices have shown sharp swings throughout the month:
- February 2: Fell Rs21,500 per tola to Rs490,362
- February 3: Rose Rs24,000 to Rs514,362
- February 4: Gained Rs14,800 to Rs529,162
- February 6: Dropped Rs21,400 to Rs507,762
- February 7: Increased Rs11,700 to Rs519,462
- February 9: Rose Rs5,300 to Rs524,762
- February 10: Added Rs1,500 to Rs526,262
- February 11: Increased Rs2,300 to Rs528,562
- February 12: Remained unchanged at Rs528,562
- February 13: Fell Rs8,600 to Rs519,962
- February 14: Rose Rs7,000 to Rs526,962
- February 16: Dropped Rs3,200 to Rs523,762
- February 17: Fell Rs9,000 to Rs514,762
Gold prices in Pakistan have shown strong ups and downs throughout February. The month began with a steep fall on February 2, when prices dropped to Rs490,362 per tola. This was followed by a rapid rise to Rs514,362 on February 3 and a further jump above Rs529,000 the next day.
Prices then moved in both directions over the following days, reflecting uncertainty in the global market. By February 17, gold had fallen again to Rs514,762 before recovering slightly on February 18 to Rs516,062 per tola.
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