Gold prices surged sharply in Pakistan on Wednesday, rebounding strongly after declining for three straight sessions, driven by a major rally in international bullion markets.

In the global market, gold recorded a significant increase of $111 per ounce, pushing the international price to $4,666 per ounce.

Following the global uptrend, domestic gold rates also witnessed a substantial rise. The price of gold per tola jumped by Rs. 11,100, reaching Rs. 488,962 per tola across local markets.

Likewise, the price of 10 grams of gold climbed by Rs. 9,517, settling at Rs. 419,206.

A day earlier, gold prices had closed at Rs. 477,862 per tola after registering a decline of Rs. 2,100.

Silver prices also moved upward, gaining Rs. 223 to close at Rs. 8,072 per tola.

The sharp recovery reflects renewed momentum in precious metals globally, with investors turning back to gold amid shifting market sentiment and economic uncertainty.