The price of gold in Pakistan and the global market has increased for the third consecutive session as the price of 24-karat gold per tola surged by Rs2,800, reaching Rs478,762 per tola.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of 24-karat gold increased by Rs2,401, taking it to Rs410,461. In the international market, the price of gold per ounce has hiked by $28 to reach $4,560 per ounce.
Silver prices also followed the same trend, with the price of silver per tola hiking by Rs260 to reach Rs7,784 in Pakistan, while 10 grams of silver also increased to Rs6,673.
it is to mentoned here the recent rally is significant, gold is still about 20% below the January 2026 high of $5,626 per ounce, which has forced investors to wonder what the real direction of gold is. According to reports, Dr. Renisha Chenani, head of Augment Research, says that in the current era, ‘liquidity’, i.e. the need for cash, is affecting the market more than geopolitical tensions.
According to him, during severe financial stress, investors also sell gold to get quick cash, which can cause prices to fall despite being a traditional safe-haven asset. Experts say that after massive purchases in the last two years, central banks are now taking a cautious approach, but they are still overall buyers of gold to reduce their dependence on the US dollar.
In Indian media reports, experts, expressing their opinion on the latest situation, say that despite the recent volatility, gold is not losing its fundamental status. In the short term, it may look like a risk asset, but in the long term it is still considered an important protection against inflation, currency weakness and global financial risks.
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