Gold and silver prices in Pakistan continue to climb, setting new all-time highs in both local and international markets.
Today, 24-carat gold per tola surged by Rs 2,000, reaching Rs 472,862, while silver also posted significant gains.
The price of 24-carat gold per tola increased by Rs 2,000, marking a historic record in Pakistan. Meanwhile, ten grams of gold rose by Rs 1,714, reaching Rs 405,402.
Globally, gold per ounce crossed the $4,500 mark, up $20 from previous levels, closing at $4,505. Experts attribute the surge to growing demand and international market fluctuations.
Silver follows upward trend
Silver prices also recorded notable gains today. In Pakistan, silver per tola rose by Rs 500 to a record Rs 7,705. Similarly, ten grams of 24-carat silver reached Rs 6,605, while international silver touched $72.30, up $5 from previous trading levels.
The All-Pakistan Sarrafa-Gems and Jewellers Association noted that these increases reflect both local demand and global market trends.
Factors driving the price surge
Analysts point out that rising gold and silver prices are influenced by:
-
Increased global demand for precious metals
-
Fluctuations in the international currency and commodity markets
-
Domestic investment trends in jewelry and bullion
The Interbank market purity rates for 24K gold continue to support the record-setting local prices.
