The price of gold per tola rose by Rs3,500 to reach Rs425,636 in the local market. Similarly, the price of 10-gram gold increased by Rs3,001 to settle at Rs364,914.
On Tuesday, gold prices had declined by Rs1,300 per tola, bringing the rate to Rs422,136.
Internationally, gold prices gained $35 to reach $4,031 per ounce, contributing to the upward movement in domestic bullion prices.
Meanwhile, silver prices also recorded an increase in Pakistan. The price of silver rose by Rs61 per tola to reach Rs5,854.
Market movements in international bullion prices and currency exchange rates can influence gold prices in Pakistan.