Gold prices continued their sharp upward trend both internationally and in domestic markets on Saturday, highlighting strong investor interest and market volatility. The increase in gold prices comes as global demand pushes rates higher across key markets.
Global Market Sees Strong Gain
In the international bullion market, gold surged by $11 per ounce, reaching $3,356. This rise reflects broader market concerns and increased interest in safe-haven assets amid ongoing economic uncertainty. Analysts attribute this upward movement to inflationary pressures, geopolitical tensions, and central bank policies driving demand for gold.
Domestic Gold Rates Climb Sharply
As a result of the global rally, local gold prices in Pakistan also jumped significantly. The price of 24-karat gold per tola rose by Rs1,100, reaching Rs358,100. Likewise, the price for 10 grams of 24-karat gold increased by Rs944, bringing the new rate to Rs307,013.
Read: Investor Confidence Lifts PSX to Record Close Amid Economic Optimism
This marks another record high for the precious metal in the Pakistani market, with jewelers and traders anticipating continued fluctuations as international trends unfold.
Silver Prices Follow the Upward Momentum
Silver also witnessed a strong rally in both global and domestic markets. In Pakistan, the price of silver per tola increased by Rs85, climbing to Rs4,022. The 10-gram rate rose by Rs73, now priced at Rs3,448.
Globally, spot silver soared by 3.9%, reaching $38.46 per ounce—its highest level since September 2011. This reflects growing investor confidence in silver as an alternative asset amid rising gold prices.
Market Outlook
The ongoing rise in gold prices and silver suggests continued momentum in the precious metals market. Traders are closely watching inflation indicators, central bank signals, and geopolitical developments that could impact future trends.
With uncertainty still looming in the global financial landscape, gold and silver remain attractive assets for both short-term gains and long-term hedging. Investors and buyers in Pakistan are advised to stay alert, as volatility may persist in the coming weeks.
Follow us on Instagram, YouTube, Facebook,, X and TikTok for latest updates
