KARACHI – Gold witnessed gains for third consecutive day in Pakistan on Wednesday in line rising prices in international market.
Data shared by All Pakistan Gems and Jewellers Association showed per tola price surged by Rs15.300 to reach 494,062.
Similarly, the price of 10-gram moved up by Rs13,117, taking the new rate to Rs423,578 in local market.
In international market, the yellow commodity recorded a significant increase with per ounce rate increasing by $153 to $4,713.
Silver also followed the upward trend as per tola rate soared by Rs200 to settle at Rs7,984.
Meanwhile, Pakistan Stock Exchange surged at the start of April, with KSE-100 Index jumping over 6,000 points amid hopes of easing Iran-US tensions.
Broad-based buying lifted major sectors, including banking, oil and gas, automobiles, cement, and power while HBL, MCB, and OGDC traded strongly. The rebound follows challenging first quarter that saw the market fall 15%, and comes as global equities rally on optimism about a potential diplomatic off-ramp in Middle East.
At 03:00 pm, the KSE-100 Index surged over 6,773 points, hitting 155,516. Tuesday had already set the stage, with fresh institutional and retail buying pushing the KSE-100 Index up 1,900 points (1.29%) to 148,743.32 after multiple sessions of losses.
Pakistani market had suffered a 15% decline in the first quarter of 2026, ending three years of consecutive gains amid geopolitical uncertainty and persistent selling pressure,
Stock markets across the globe responded to announcement by US President Donald Trump who said military operations in Iran could end within two to three weeks without requiring Tehran to make a deal. Investors across Pakistan and the globe are watching closely, hoping this explosive rebound marks the start of sustained market optimism.
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