Key Points
- Gold per tola rises to an all-time high of Rs 514,662
- Price of 10 grams climbs to Rs 441,239
- Global gold reaches $4,923 an ounce amid safe-haven demand
- Silver prices also spike in local and international markets
ISLAMABAD: Gold prices in Pakistan surged on Friday to historic levels, tracking a sharp rally in international bullion markets as investors sought refuge amid global economic and geopolitical uncertainties.
The domestic price of gold per tola jumped by Rs 9,100 to Rs 514,662, while 10 grams of gold increased by Rs 7,802 to Rs 441,239, marking the highest levels ever recorded.
Internationally, gold gained $91 per ounce to reach $4,923, fueled by strong safe-haven demand and continued central bank purchases. Analysts said expectations of prolonged monetary easing in major economies and heightened global tensions have reinforced gold’s appeal as a store of value.
Silver prices also saw significant gains. In Pakistan, silver per tola climbed by Rs 372 to Rs 10,275, with 10 grams reaching Rs 8,809. Globally, spot silver traded above $94 per ounce, close to record highs.
Market participants cautioned that volatility may continue in domestic rates as they remain closely linked to international trends, currency movements, and investor sentiment.
