A day after maintaining its record high, gold prices in Pakistan once again surged to a fresh peak, setting new records both domestically and globally. The sustained upward trend in the precious metal reflects heightened investor demand and broader market dynamics that continue to drive bullion higher.
According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola jumped by Rs1,200 on Friday, reaching Rs377,900. Likewise, the price of 10 grams of gold rose by Rs1,029, taking the new level to Rs323,988.
The continuous climb in gold prices is seen as a reflection of persistent economic uncertainty, a weakening of global currencies against the U.S. dollar, and safe-haven buying by investors worldwide.
The international market also recorded a notable increase. The price of gold per ounce climbed by $12, pushing the rate to $3,552.
Analysts note that global market trends, particularly rising inflationary concerns and geopolitical uncertainties, have been key contributors to the bullish movement in gold prices. Investors seeking stability in volatile markets are shifting towards bullion, further fueling demand.
In contrast, silver prices in Pakistan remained unchanged for the second consecutive day. The rate of a tola of 24-karat silver held steady at Rs4,315, while the price of 10 grams of silver stayed at Rs3,699.
The stability in silver contrasts sharply with the rapid gains in gold, highlighting different demand dynamics between the two metals.
Market experts suggest that gold’s continuous rally could further impact consumer demand, particularly in jewelry markets, where affordability is becoming a growing concern.
However, for investors and traders, the trend continues to reinforce gold’s role as a reliable hedge against inflation and global uncertainty. With both domestic and international markets recording historic highs, the momentum in bullion appears far from over.
