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Gold and silver prices in Pakistan have surged to record-breaking levels, driven by a global rally in precious metals as investors seek safe-haven assets amid renewed US-China trade tensions and growing expectations of a US Federal Reserve interest rate cut.
The gold market has been highly volatile in recent months due to global economic uncertainty, fluctuating dollar strength, and geopolitical instability. Traditionally, gold and silver are considered secure investments during financial turbulence, leading to increased demand both internationally and domestically.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola jumped by Rs. 5,500, reaching a record Rs. 428,200, while 10-gram gold rose by Rs. 4,715 to Rs. 367,112. This follows a Rs. 2,100 increase on Saturday.
Silver prices also followed the trend, with per tola silver climbing by Rs. 147 to an all-time high of Rs. 5,247.
“The surge is directly linked to international price movement and increased investor demand for safe assets amid global uncertainties,” said a representative of APGJSA.
International Market Update
| Metal | Price (Local) | Change | Global Price | Trend |
| Gold (per tola) | Rs. 428,200 | +Rs. 5,500 | $4,071/oz (+$55) | Upward |
| Gold (10g) | Rs. 367,112 | +Rs. 4,715 | $4,059.30 peak | Record High |
| Silver (per tola) | Rs. 5,247 | +Rs. 147 | $28.12/oz (approx.) | Upward |
Analysts predict that if global inflation fears persist and central banks maintain a dovish stance, gold prices may continue to rise in the coming weeks.
