Gold prices in Pakistan reached a historic peak on Wednesday, climbing by Rs2,000 to Rs472,862 per tola. The previous day, 24-karat gold had closed at Rs470,862 per tola.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 10 grams of 24-karat gold also rose sharply by Rs1,714, closing at Rs405,402 compared to Rs403,688 the previous day.
The price of 10 grams of 22-karat gold increased by Rs1,572, settling at Rs371,632 from Rs370,060. These rises reflect strong demand in the domestic market.
In the international market, gold prices climbed by $20 to reach $4,505 per ounce. The previous day, international gold prices stood at $4,485 per ounce. Analysts said rising global demand and economic uncertainties contributed to the surge.
Silver prices also experienced notable increases in Pakistan. The per tola price of silver rose by Rs500 to Rs7,705 from Rs7,205. Meanwhile, 10 grams of silver closed at Rs6,605, up Rs428 from Rs6,177.
Internationally, silver prices increased by $5, reaching $72.30 per ounce, compared to $69.30 the previous day. Experts noted that precious metals remain attractive to investors during periods of market volatility.
The recent surge in gold prices has drawn attention from both traders and investors. Market analysts say gold continues to be considered a safe-haven asset, particularly amid fluctuating economic conditions.
Investors are advised to monitor market trends closely, as global demand, currency fluctuations, and inflation expectations often influence gold prices. Both domestic and international factors are expected to continue affecting the precious metals market.
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The sharp rise in gold and silver prices highlights their importance in Pakistan’s investment and trading sectors. Experts believe these trends may continue in the near term due to ongoing economic and market uncertainties.
