Gold and Silver Prices Surge Sharply in Pakistan. Gold and silver prices in Pakistan recorded a massive jump on Friday, crossing new historic milestones amid a strong surge in the international bullion market. The sharp increase came just a day after gold prices had briefly declined, surprising many investors and buyers.
According to market data, gold prices rebounded strongly, pushing both gold and silver to record-high levels in the domestic market. The rally reflects rising global demand, currency pressure, and renewed investor interest in safe-haven assets.
Gold Price in Pakistan Today
In the local market, the price of gold per tola jumped sharply by Rs. 9,100, reaching a new all-time high of:
- Gold per tola: Rs. 514,662
At the same time, the price of 10-gram gold also saw a major increase:
- 10-gram gold: Rs. 441,239
- Increase: Rs. 7,802
These rates were released by the All-Pakistan Gems and Jewellers Sarafa Association, which officially tracks gold and silver prices across Pakistan.
Gold Prices Rebound After Thursday’s Decline
Just a day earlier, on Thursday, gold prices had shown a temporary decline. The per tola rate had dropped by Rs. 800, settling at Rs. 505,562.
However, the correction was short-lived. Strong movements in global markets quickly reversed the trend, leading to Friday’s sharp surge.
Market analysts say this type of volatility is common when gold prices are trading near record levels.
International Gold Prices Jump Sharply
The rise in local gold prices closely followed a powerful rally in the international market.
- International gold price: $4,923 per ounce
- Increase: $91
- Premium included: $20
Global gold prices surged as investors moved towards safe-haven assets due to economic uncertainty, inflation concerns, and ongoing currency fluctuations in major economies.
Silver Prices Also Hit New Historic High
Silver prices in Pakistan also climbed to a new all-time high, reflecting the same global momentum seen in gold.
- Silver per tola: Rs. 10,275
- Increase: Rs. 372
This marks the highest silver price ever recorded in the local market, strengthening silver’s position as a key investment metal alongside gold.
Why Are Gold and Silver Prices Rising So Fast?
Several factors are driving the sharp increase in gold and silver prices:
1. Global Market Rally
Strong international demand and rising futures prices are pushing bullion values higher worldwide.
2. Weak Local Currency
Pressure on the Pakistani rupee increases the cost of imported commodities like gold and silver.
3. Safe-Haven Demand
Investors often turn to precious metals during economic uncertainty to protect their wealth.
4. Inflation Concerns
Rising inflation globally makes gold and silver more attractive as long-term stores of value.
5. Speculative Buying
Record-breaking levels often attract traders and investors, further accelerating price movements.
What This Means for Buyers and Investors
For buyers, the current price levels make gold and silver more expensive, especially for jewelry purchases and weddings.
For investors, the surge highlights strong momentum but also increases the risk of short-term price corrections.
Experts advise:
- Long-term investors to remain cautious but optimistic
- Short-term buyers to closely monitor price movements
- Jewelry buyers to plan purchases carefully due to volatility
Gold and Silver Outlook in Pakistan
Market analysts expect continued volatility in the coming days. Any further increase in international prices or pressure on the local currency could push gold and silver even higher.
However, temporary pullbacks are also possible as traders book profits near record levels.
Conclusion
Gold and silver prices in Pakistan have surged dramatically, setting new historic records after a strong rally in the international market. With gold per tola crossing Rs. 514,000 and silver reaching Rs. 10,275, precious metals remain firmly in focus for investors and buyers alike.
As global uncertainty continues, gold and silver are expected to stay volatile, making it important for market participants to stay informed and cautious.
