Gold prices in Pakistan recorded a significant increase on Wednesday, April 9, 2026, tracking a broad rally in international bullion markets. The surge was driven by a combination of a weaker US dollar, ongoing geopolitical uncertainty, and strong safe-haven demand from global investors.
In international markets, spot gold climbed to multi-week highs as investors sought refuge in the precious metal amid uncertainty surrounding US trade policy, including the impact of newly imposed tariffs and their effect on global economic growth. The US dollar's decline against major currencies made dollar-denominated gold more attractive to buyers holding other currencies.
In Pakistan's local market, gold prices tracked the international trend, rising sharply in rupee terms. The All Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported notable price increases for both 24-karat and 22-karat gold. Silver prices also moved higher in tandem with the broader precious metals rally.
Analysts noted that gold's appeal as a store of value has been reinforced by persistent concerns over global trade disruptions and macroeconomic uncertainty. Demand for bullion typically rises when investors seek to hedge against currency depreciation and economic instability, conditions that have been prevalent in both global and Pakistani markets in recent months.
