Gold prices in both Pakistan and global markets have surged to record highs once again, underscoring the volatile economic environment driving investors toward precious metals.
According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of 24-karat gold per tola increased by Rs3,400 on Monday, reaching a historic Rs393,700. Similarly, the price of 10 grams of gold rose by Rs2,915, bringing it to Rs337,534.
The rally is not limited to the local market. On the international front, gold prices also recorded a sharp rise, with the per-ounce rate climbing by $34 to hit $3,719.
Analysts point to global economic uncertainties, inflationary pressures, and fluctuating currency values as key drivers pushing investors toward the relative safety of gold. The surge is reflective of a broader trend where gold continues to be seen as a hedge against instability.
Silver prices in Pakistan also followed this upward trajectory. The rate of a tola of 24-karat silver jumped by Rs63 to reach Rs4,595, while 10 grams of silver increased to Rs3,939. This simultaneous rise in both gold and silver indicates strong market demand and speculative activity amid ongoing concerns about inflation and currency depreciation.
The consistent surge in precious metal prices is expected to affect jewelry markets and impact consumer behavior, especially ahead of wedding seasons when demand typically rises.
Meanwhile, traders remain watchful of global economic trends, particularly central bank policies and geopolitical uncertainties, which continue to influence the trajectory of gold and silver rates.
With gold and silver breaking records both domestically and internationally, financial experts caution that while precious metals offer a safe haven, such unprecedented spikes could also signal prolonged volatility in the months ahead.
