Gold and silver prices in Pakistan continued to witness sharp fluctuations as extreme volatility gripped precious metal markets once again. The per tola gold rate climbed to Rs519,462, reflecting intense pressure on buyers and traders struggling to keep pace with rapidly changing prices across domestic markets.
In a single trading session, gold prices surged by a massive Rs11,700 per tola, while the rate for 10 grams jumped by Rs10,030 to settle at Rs445,354. The sudden spike left jewellers and investors scrambling, as demand dynamics shifted amid uncertainty and heightened speculative activity.
Market analysts attributed the rally primarily to a strong upswing in international bullion markets. Globally, gold prices soared by $117 to reach an astonishing $4,967 per ounce, setting off a chain reaction in local markets that closely track global trends.
Silver prices followed a similar trajectory, mirroring gold’s upward momentum on the global stage. International silver prices rose by $4.44 to close at $78 per ounce, fueling a sharp rise in Pakistan’s domestic silver rates as well.
According to market officials, silver prices in Pakistan jumped by Rs444 per tola to reach Rs8,269, while the rate for 10 grams increased by Rs381 to Rs7,089. The steep rise added further pressure on consumers already facing high precious metal costs.
Despite occasional dips in recent weeks, gold prices remain highly unstable. With international markets driving local sentiment, investors and consumers remain on edge, closely watching developments as gold and silver continue their roller-coaster ride across global and domestic markets.
Also read: Gold and Silver Prices Today
