After nearly a week of decline, gold and silver prices in Pakistan rebounded on Saturday, following an upward trend in global bullion markets. The increase comes as international gold rates rose by $18 per ounce, reaching $4,113, reversing the bearish momentum seen over the past six sessions.
Gold prices had been under pressure for several days due to profit-taking and uncertainty surrounding the upcoming US Federal Reserve rate decision. Friday’s decline marked the first weekly loss in almost 10 weeks, as investors adjusted positions amid global market volatility.
Local Market Details
According to the All-Pakistan Gems and Jewellers Sarafa Association, domestic prices reflected the international shift, with gold and silver both recording notable gains.
| Commodity | Previous Price | New Price | Change |
| Gold (per tola) | Rs 431,862 | Rs 433,662 | +Rs 1,800 |
| Gold (10 grams) | Rs 370,252 | Rs 371,795 | +Rs 1,543 |
| Silver (per tola) | Rs 5,067 | Rs 5,124 | +Rs 57 |
| Silver (10 grams) | Rs 4,344 | Rs 4,393 | +Rs 49 |
Traders attributed the recovery to global bullion fluctuations, which directly impact local pricing trends.
“The rebound is largely linked to the global market correction and expectations of a possible US rate cut next week,” said a Karachi-based jeweller.
Global Influence
Analysts noted that gold’s global resurgence follows weaker US economic data and easing bond yields, which made the precious metal more attractive to investors seeking safe-haven assets.
At current international rates, Pakistan’s gold prices are still near historic highs, keeping local demand subdued. However, jewellers expect continued volatility as global markets await the Federal Reserve’s next move.