KARACHI: Gold prices climbed sharply on Saturday in both global and local markets. Gold hits a new high in the international bullion market, reflecting strong investor demand.
In global trading, gold per ounce increased by $100. The new price reached $5,278 per ounce. This sharp rise pushed domestic rates higher as well.
In Pakistan’s local market, gold hits another milestone. The price per tola rose by Rs10,000. It settled at Rs540,562 per tola. Meanwhile, the price of 10 grams increased by Rs8,574. It reached Rs472,018.
Silver prices also moved upward alongside gold. The rate per tola of silver gained Rs388. It closed at Rs9,862. The price of 10 grams of silver rose by Rs333 to Rs8,455.
Market analysts say global trends strongly influence local bullion prices. When gold hits a record internationally, domestic rates usually follow the same direction.
At the same time, new data showed changes in short-term inflation. Pakistan’s Sensitive Price Indicator (SPI) recorded a 4.23% year-on-year increase for the week ended February 26, 2026.
The data was released by the Pakistan Bureau of Statistics. It showed that food and energy costs remained key drivers of inflation.
Wheat flour prices increased by 29.51% compared to last year. Gas charges for the first quarter rose by 29.85%. Electricity charges went up by 17.33%. Tomato prices increased by 16.83%.
Other food items also showed higher prices. Powdered milk rose by 10.16%. Bananas increased by 11.73%. Beef prices climbed 11.69%, while mutton went up by 8.98%.
However, some essential items became cheaper compared to last year. Potato prices dropped by 52.55%. Chicken declined by 29.55%. Garlic fell by 26.18%. Onions decreased by 25.71%, and eggs were down by 16.22%.
On a weekly basis, SPI declined by 0.54%. The drop was mainly due to sharp decreases in tomatoes, potatoes, chicken, and onions. Wheat flour, bread, and sugar also recorded slight reductions.
In other news read more about Gold Hits Record Highs Amid Global Uncertainty and Safe-Haven Demand
Despite short-term relief in some items, overall inflation pressure continues. Meanwhile, gold hits historic levels, reflecting ongoing uncertainty in global markets.
