Gold prices in Pakistan experienced a significant increase on Saturday, following gains in the international market. Meanwhile, silver reached its highest-ever price, according to market sources.
In the local market, the price of gold rose by Rs2,300 per tola, bringing it to Rs475,662. Similarly, the price for 10 grams of gold increased by Rs1,972, now totaling Rs407,803, as reported by the All Pakistan Gems and Jewellers Sarafa Association (APGJSA).
On Friday, gold prices had already seen an increase of Rs500 per tola, closing at Rs473,362, reflecting a continued upward trend in the prices of precious metals.
Internationally, gold prices climbed by $23, reaching $4,533 per ounce, which includes a $20 premium. Analysts link this rise to global economic uncertainty, fluctuations in interest rate expectations, and heightened demand for safe-haven assets.
In addition to gold, silver prices showed a remarkable increase in the domestic market. The price of silver surged by Rs462 per tola, reaching Rs8,407, marking a historic high in Pakistan.
Market experts attributed this spike to strong international demand and supply concerns.
Jewellers have noted that volatility in global markets continues to influence local prices and have advised investors and buyers to exercise caution. The sharp rise in both gold and silver has attracted significant attention from traders, investors, and consumers, especially in light of ongoing inflationary pressures.
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