Gold and silver prices recorded a sharp surge across Pakistan, reflecting strong upward momentum in the international bullion market and heightened investor interest in precious metals. According to local market sources, the price of gold per tola in Pakistan climbed by Rs7,100, reaching a new high of Rs533,562, while the price of 10 grams of gold increased by Rs6,087 to Rs457,443.
The steep rise follows a strong rally in global markets, where gold prices jumped by $71 per ounce, pushing the international rate to $5,108 per ounce. This surge in international prices directly impacted domestic markets, leading to a significant increase in local bullion rates.
Silver prices also witnessed a notable upward movement. In Pakistan, the rate of silver per tola rose by Rs374, bringing the new price to Rs8,948, while the price of 10 grams of silver reached Rs7,350. Market traders noted that both metals have been experiencing increased volatility due to uncertain global economic conditions.
A day earlier, precious metal prices had already seen a strong upswing worldwide. In the international bullion market, gold gained $25 per ounce, closing at $5,037. This earlier increase translated into a domestic hike, with the price of gold per tola in Pakistan rising by Rs2,500 to Rs526,462, and 10 grams of gold increasing by Rs2,144 to Rs451,356. Silver prices also recorded gains, with per tola rates rising by Rs170 to Rs8,574.
Analysts link the persistent surge in gold and silver prices to multiple global factors, including currency fluctuations, geopolitical uncertainty, inflation concerns, and changing interest rate expectations. The weakening of major currencies against the US dollar has also contributed to higher commodity prices, especially precious metals.
Gold is traditionally considered a safe-haven asset, attracting investors during times of financial uncertainty. With global markets facing economic pressures, many investors are shifting their funds into gold and silver to protect their wealth, which in turn is driving up demand and prices.
Local jewelers and bullion traders in major cities such as Karachi, Lahore, and Islamabad reported increased buying interest, particularly from investors looking to hedge against inflation. However, high prices have somewhat slowed down retail demand for jewelry, especially among middle-income buyers.
Market experts believe that if global uncertainties persist, gold prices could remain elevated in the coming weeks. They advise investors to closely monitor international trends, currency movements, and central bank policies before making major investment decisions.
Overall, the rising trend in gold and silver prices highlights the strong influence of global economic conditions on Pakistan’s domestic bullion market, with further fluctuations expected in the near future.
