Following a historic one-day decline, the gold price in Pakistan witnessed a significant increase on Wednesday.

According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola rose by Rs3,500, reaching Rs419,862 in the local market.

The rate for 10 grams of 24-karat gold stood at Rs359,963, reflecting an increase of Rs3,000, while 10 grams of 22-karat gold climbed to Rs329,978, showing a gain of Rs2,751.

Global gold prices on rise

In the international market, gold prices increased by $35, reaching $3,975 per ounce. The rise in global prices is attributed to renewed investor interest amid economic uncertainty and currency fluctuations.

Also Read: Gold price in Pakistan sees massive drop: Oct 28, 2025

Market analysts said the appreciation of the US dollar and shifting interest rate expectations have pushed investors towards safe-haven assets like gold.

Silver prices also see hike

Silver price in Pakistan also followed the same trend. The rate of 24-karat silver per tola witnessed a hike of Rs110 to reach Rs5,034, while 10 grams of silver were being sold for Rs4,315.