Gold jumps by Rs3,500, rupee remains steady

Gold prices in Pakistan recorded a significant rise on Wednesday, driven by persistent global uncertainties and cautious investor sentiment ahead of key international developments. According to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of 24-karat gold surged by Rs3,500 per tola, reaching Rs419,862. Similarly, the rate for 10 grams of 24-karat gold rose by Rs3,000 to Rs359,963, while 10 grams of 22-karat gold climbed by Rs2,751 to Rs329,978. The upward movement in local bullion prices reflected global trends, as gold gained $35 in the international market to settle at $3,975 per ounce. The rally in precious metals persisted as investors sought safe-haven assets amid heightened geopolitical tensions and awaited key policy cues from the US Federal Reserve.