Gold prices in Pakistan rose on Thursday, with the local per tola rate gaining Rs400 as international benchmarks strengthened.
The move mirrors a broader recovery in global precious metals markets, where spot gold climbed $4 to reach $4,030 per ounce.
The World Gold Council recently raised its 2026 price target to $4,100, citing shifting sentiment and sustained demand.
The modest daily gain follows a period of heightened volatility in Pakistani bullion markets.
Earlier in the week, prices had surged significantly, with the per tola rate jumping Rs12,200 on Friday and climbing Rs9,100 on the preceding Thursday to reach Rs428,736. Those sharp increases marked a decisive reversal from the previous week’s downward trend, which had seen prices slide Rs5,200 per tola as international sell-offs deepened.
The current stability in local prices reflects the international benchmark’s hold near recent highs.
The World Gold Council recently raised its 2026 price target to $4,100, citing shifting sentiment and sustained demand. This institutional outlook supports the current trading range, providing a floor for local dealers despite currency fluctuations.
Traders in Pakistan are now watching for further confirmation of the international trend.