Gold prices in Pakistan recorded a sharp rebound on Saturday, tracking renewed movement in international bullion markets amid shifting investor sentiment in the Gulf region.

According to the All Pakistan Sarafa Gems and Jewellers Association, the price of gold per tola rose by Rs. 1,300, reaching Rs. 476,162.

Similarly, the price of 10 grams of gold increased by Rs. 1,115 to settle at Rs. 408,232.

This uptick follows a marginal decline on Friday, when gold slipped by Rs. 500 per tola to close at Rs. 474,862.

In the global market, gold also strengthened, gaining $13 per ounce to reach $4,538, as traders reacted to geopolitical and regional economic uncertainties affecting bullion demand.

Market observers noted that fluctuations in the Gulf, particularly among trading hubs such as the United Arab Emirates, contributed to short-term volatility in international gold sentiment.

Meanwhile, silver prices moved in the opposite direction, declining by Rs. 21 per tola to Rs. 8,013.

Overall, analysts say the precious metals market remains highly sensitive to global political and economic developments, driving frequent ups and downs in local pricing.