Gold and Silver Prices Rise Sharply in Pakistan

Gold prices jumped significantly on Saturday in both international and local markets. The surge followed a brief dip the day before. In the global bullion market, gold rose by $117 per ounce. The new international rate reached $4,967 per ounce. Analysts linked the rise to global market fluctuations and strong investor demand.

In Pakistan, 24-carat gold became noticeably more expensive. The price per tola increased by PKR 11,700, reaching PKR 519,462. Similarly, the price per 10 grams rose by PKR 10,030 to PKR 445,354. Jewelers reported heightened buying activity, particularly from local investors. They said demand continues to support the steady upward trend in prices.

Silver prices also recorded gains in local markets. The price per tola increased by PKR 444, reaching PKR 8,269. Meanwhile, the price per 10 grams rose by PKR 381 to PKR 7,089. Experts noted that silver often follows gold trends, and local demand remains strong. This combination contributed to the recent price surge.

Market analysts said the rise reflects global uncertainties and domestic investment behavior. Many buyers are turning to gold as a safe asset. Fluctuating international bullion prices and currency changes also influence local rates. Analysts warn that prices may continue to rise if demand remains high.

Overall, the recent surge shows the strong position of precious metals in Pakistan’s economy. Investors and traders are closely monitoring the market. Both gold and silver remain popular choices for savings. The upward trend highlights the continued appeal of bullion amid uncertain financial conditions.