Gold and silver prices in Pakistan surged sharply on Friday, hitting fresh all-time highs, as a powerful rally in the international bullion market pushed local rates to record territory despite already elevated levels.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), gold prices witnessed one of the biggest single-day jumps in recent months, reflecting strong global demand, currency pressures, and renewed investor interest in safe-haven assets.
Gold Prices Hit New Record in Pakistan
In the domestic market, the price of gold per tola jumped by Rs. 9,100, settling at a new historic high of Rs. 514,662.
Similarly, the price of 10-gram gold increased by Rs. 7,802 to reach Rs. 441,239, extending the ongoing bullish trend in the local bullion market.
The sharp rise came just a day after a brief pullback. On Thursday, gold prices had declined slightly, with the per tola rate falling by Rs. 800 to Rs. 505,562, indicating continued volatility amid fast-changing global conditions.
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International Gold Market Fuels Rally
The local surge closely followed a strong rally in international markets. Global gold prices climbed by $91 per ounce, reaching $4,923, which includes a premium of $20.
Analysts attribute the global upswing to a mix of factors, including expectations around interest rate movements, geopolitical uncertainty, and sustained buying by central banks, all of which have reinforced gold’s appeal as a store of value.
Silver Also Touches All-Time High
Silver prices in Pakistan mirrored gold’s momentum, posting a new historic high in the local market.
The price of silver per tola rose by Rs. 372, reaching Rs. 10,275, according to APGJSA data. This marks the highest level ever recorded for silver in Pakistan, driven by rising international prices and strong local demand.
Market Outlook
Bullion traders say precious metals may remain volatile in the coming days, with prices heavily influenced by global market trends, exchange rate movements, and investor sentiment.
Despite crossing record milestones, both gold and silver continue to attract buyers seeking protection against inflation and economic uncertainty, suggesting that the upward momentum could persist if international prices remain strong.
Investors and consumers are advised to closely monitor market movements as precious metal prices continue to fluctuate at historic levels.
