07:22 PM, 10 November 2025
Fetching weather...
Watch Live

Gold and Silver Prices Rise Sharply in Pakistan

Gravatar Avatar Web Desk | 31 minutes ago
Gold and Silver Prices

Gold and silver prices in Pakistan saw a sharp rise on Monday, November 10, 2025, reflecting increased investor demand. Both local and international rates posted notable gains, reflecting global market trends and economic uncertainties. This surge in prices has attracted attention from investors and traders, who are closely monitoring the situation. Analysts believe the upward trend may continue as investors turn to precious metals for safety.

According to the All Pakistan Sarafa Gems and Jewellers Association, gold prices increased across various measures. The price of 24K gold per tola rose by Rs. 7,400, reaching Rs. 429,862. Similarly, the price of 10 grams of 24K gold went up by Rs. 6,337, settling at Rs. 368,530. Gold of 22K purity also saw a rise, with 10 grams now priced at Rs. 337,573, up Rs. 5,551.

Internationally, gold prices also showed a significant increase, trading at $4,075 per ounce, up by $74. The rise in global gold prices has contributed to the increase in local gold rates, driven by market dynamics and international trends. The overall gains in both domestic and international markets indicate strong investor confidence in precious metals as a hedge against economic instability.

Silver prices also saw substantial gains on the same day. The price of 24K silver per tola increased by Rs. 115, reaching Rs. 5,209. In terms of grams, 24K silver saw a rise of Rs. 98, bringing the price to Rs. 4,465. Internationally, silver traded at $49.47 per ounce, up $1.15, reflecting similar market forces that affected gold prices.

Analysts suggest that the rise in both gold and silver prices reflects a broader trend of increasing demand for safe-haven assets. This shift is expected to influence jewelry markets and investor behavior in Pakistan. Traders are carefully watching international commodity trends and local currency fluctuations to plan their investments and purchases in the coming weeks.

READ MORE : Gold and Silver Prices Set for Strong Gains in 2025

Gold’s winning streak is expected to continue into 2025, with analysts predicting an average price above $4,000 per ounce. According to a Reuters poll of 39 traders and analysts, the price of gold is forecast to average $3,400 per ounce next year, up from $3,220 in July 2025. Analysts also predict that gold could reach $4,275 per ounce by 2026, marking a sharp increase from previous forecasts. Gold has already gained 54% this year, pushing it to record highs.

Analysts attribute gold’s surge to ongoing economic and geopolitical instability, which has bolstered its role as a safe-haven asset. With central banks increasing their gold reserves and demand growing for exchange-traded funds (ETFs), the metal’s rise is underpinned by global uncertainty. Additionally, expectations that the U.S. Federal Reserve will cut interest rates have further supported gold’s appeal. Analysts note that the demand for gold is shifting, as investors no longer view it merely as a hedge against short-term shocks, but as a long-term store of value.

TRENDING NOW
MUST WATCH
INNOVATION