KEY POINTS
- Gold per tola reaches a historic high of Rs 472,862
- 10-gram gold settles at Rs 405,402
- Silver jumps to Rs 7,505 per tola
- Global gold trades above $4,500 per ounce
ISLAMABAD: Gold prices in Pakistan climbed to a fresh all-time high on Wednesday, reflecting a powerful rally in global bullion markets driven by sustained safe-haven demand and expectations of further monetary easing in the United States.
In the domestic market, gold per tola advanced by Rs 2,000 to close at Rs 472,862, marking the highest level ever recorded. The price of 10-gram gold rose by Rs 1,714 to Rs 405,402, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association.
The latest move builds on strong momentum seen earlier in the week, signalling continued investor appetite for precious metals amid currency volatility and geopolitical uncertainty.
Internationally, gold surged beyond the $4,500-per-ounce mark for the first time, cementing its position as one of the best-performing assets of the year.
Analysts at major global financial institutions have linked the rally to rising expectations that the US Federal Reserve will cut interest rates further in 2026, lowering real yields and enhancing gold’s appeal as a store of value.
Spot gold traded near $4,493 an ounce in Asian hours after briefly touching a record high above $4,525. US gold futures for February delivery also hit a fresh peak, reinforcing bullish sentiment across futures and spot markets.
Silver followed gold’s upward trajectory. In Pakistan, silver prices increased by Rs 500 to Rs 7,505 per tola.
In international markets, silver traded near the record territory above $72 an ounce, supported by both investment demand and expectations of stronger industrial usage.
Market observers say the sharp rise in precious metals prices is likely to keep local bullion markets active, though elevated prices may dampen jewellery demand in the near term.
