KEY POINTS
- Gold gains Rs 500 per tola, 10-gram price up Rs 428
- Silver hits an unprecedented high of Rs 6,452 per tola
- International gold up $5 to $4,212 per ounce; premium $20
- Rising global economic uncertainty and regional demand drive prices
ISLAMABAD: Precious metal prices in Pakistan surged on Thursday, with gold gaining Rs 500 per tola and silver hitting an all-time high, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
In the local market, gold per tola reached Rs 443,562, while a ten-gram unit was sold at Rs 380,282 after a gain of Rs 428, APGJSA reported. Silver prices climbed Rs 85 to Rs 6,452 per tola, marking a historic peak.
The association attributed the gains to international price movements and strong domestic demand. “Gold and silver are drawing increased interest from investors as haven assets amid global uncertainties,” the APGJSA said.
Internationally, gold prices rose by $5 to $4,212 per ounce, with a $20 premium, reflecting cautious investor sentiment amid geopolitical tensions and fluctuating currency markets.
Analysts note that sustained concerns about inflation and regional instability in South Asia continue to support demand for precious metals.
Regionally, rising gold and silver prices in Pakistan mirror trends in India and the Middle East, where investors are turning to bullion as a hedge against currency volatility.
Recent fluctuations in the US dollar and global bond markets have further underpinned gold and silver gains in local currencies.
Market observers said that domestic demand for gold jewellery and investment bars has also strengthened, contributing to price increases alongside international trends.
