Overview
- Pakistan’s gold price, which surged Wednesday, rose by Rs11,100 per tola to Rs488,962 and by Rs9,517 per 10 grams to Rs419,206 after international bullion touched about $4,666 an ounce.
- Silver in Pakistan increased to Rs8,072 per tola with a Rs223 rise, reflecting the same upswing seen in global precious metals.
- The jump followed Tuesday’s decline that set gold at Rs477,862 per tola and 10 grams at Rs409,689, with the rupee edging to 278.75 per dollar.
- Market reports tied the rebound to signs of easing US–Iran tensions, a weaker dollar index, and lower oil prices that eased pressure on commodities.
- Analysts warned that the trend stays fragile unless spot gold reclaims and holds above $4,650–$4,700, with support cited near $4,400–$4,450.