The gold, silver prices in Pakistan surged again on Saturday, reaching unprecedented levels both locally and internationally. Investors are closely monitoring the market amid rising global demand.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold increased by Rs6,500 per tola, reaching Rs521,162. Similarly, 10 grams of gold rose by Rs5,573 to Rs446,812.
The price of 22-karat gold also climbed, with 10 grams reaching Rs409,592 after an increase of Rs5,109. The international gold price per ounce nearly touched $5,000, settling at $4,988, marking a historic high. Experts attribute the surge to strong investor interest and economic uncertainties worldwide.
Silver followed a similar trend. The price per tola of 24-karat silver rose by Rs526 to reach Rs10,801, while 10 grams increased by Rs451 to Rs9,206. The rise in gold, silver prices reflects heightened purchases by central banks and sustained demand amid geopolitical tensions.
Market analysts say the surge in precious metals comes as investors seek safe-haven assets during volatile currency trends. The continued global interest in gold and silver has pushed prices to all-time highs.
Local jewellers reported a steady increase in domestic demand, with many customers purchasing gold and silver as investment security. The APSGJA emphasized that these trends are likely to continue as long as global uncertainties persist.
The current spike in gold, silver prices has also impacted the jewellery industry, with ornaments and investment coins becoming significantly more expensive. Analysts advise investors to stay updated with daily market rates before making large purchases.
In other news read more about Gold, Silver Prices Rise Across Pakistan Amid Global Market Gains
With global economic challenges and geopolitical tensions ongoing, gold and silver remain attractive assets for investors seeking stability. Experts expect prices to fluctuate further in the coming weeks, depending on international markets.
