Gold prices in Pakistan moved higher on Saturday, tracking gains in the international market as buyers returned after recent declines.
In the local market, the price of gold per tola climbed by Rs4,800 to reach Rs472,062. Similarly, the rate for 10 grams increased by Rs4,116, settling at Rs404,717, according to figures released by the All-Pakistan Gems and Jewellers Sarafa Association.
A day earlier, gold had slipped, with the per tola rate falling by Rs1,000 to close at Rs467,262, showing the continued volatility in prices.
Global trend supports local prices
Internationally, gold prices also recorded a notable increase. The global rate rose by $48 to reach $4,493 per ounce, including a premium of $20. The rise came as investors showed renewed interest after recent losses.
Despite the latest increase, the global market has remained under pressure in recent weeks. Gold is still heading towards its fourth consecutive weekly decline, as ongoing tensions linked to the US–Israel war on Iran have raised concerns about inflation and pushed the US dollar higher.
Analysts say investors are gradually returning to gold after an earlier sell-off. Some market participants are viewing lower prices as an opportunity to buy, helping the metal recover.
At the same time, rising oil prices, with Brent crude nearing $110 per barrel, have added to inflation worries. However, expectations of higher interest rates in the US continue to limit gains in gold, as the metal does not offer any yield.
Market expectations have also shifted, with traders now ruling out interest rate cuts in 2026 and pricing in the possibility of a rate hike later in the year.
Meanwhile, silver prices in Pakistan remained stable, with the per tola rate holding at Rs7,454.
Gold prices rose sharply in Pakistan, tracking global gains as investors returned to the market after recent losses and volatility.
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