KARACHI: Gold, silver prices continued their upward trend on Wednesday, gaining in both domestic and international markets.
In the global bullion market, gold rose by $23 per ounce, reaching $5,058. Locally, the price of gold per tola increased by Rs2,300 to Rs528,562, while per 10 grams it climbed by Rs1,972 to Rs453,156.
Silver also saw a rise. Its local rate per tola increased by Rs120 to Rs8,735, and per 10 grams, it went up by Rs103 to Rs7,488. Analysts attribute the surge in gold, silver to global economic uncertainties and rising demand from investors.
Spot gold gained 0.5% at $5,048.27 per ounce by 0831 GMT, while U.S. gold futures for April delivery rose 0.8% to $5,072.60 per ounce. Spot silver jumped 3.4% to $83.40 per ounce, bouncing back after a previous session decline of over 3%.
Other precious metals also performed well. Spot platinum increased 2.8% to $2,146.07 per ounce, and palladium rose 2.6% to $1,751.79.
The local market saw growing interest in gold and silver for investment purposes. Traders noted that rising inflation and global economic volatility have strengthened demand for safe-haven assets.
Experts suggest investors continue monitoring gold, silver trends closely, as prices can fluctuate based on international market dynamics and currency rates.
Meanwhile, Pakistan’s economy received a boost from strong overseas remittances. Workers’ remittances in January 2026 reached $3.46 billion, slightly lower than December 2025’s $3.59 billion but significantly higher than January 2025’s $3 billion. This steady inflow supports the country’s external account stability.
In other news read more about Gold, Silver Prices in Pakistan Reach Record Highs Amid Global Demand
Overall, the rise in gold, silver prices highlights global investor confidence in precious metals amid ongoing economic uncertainties. Local traders anticipate continued demand in the coming weeks.
