Gold prices in Pakistan have surged to an all-time high, crossing the Rs 500,000 per tola mark for the first time, as global uncertainty fuels demand for safe-haven assets.
According to market rates released by local Sarafa associations, gold per tola jumped by Rs 12,700, settling at Rs 506,362. At the same time, 10-gram gold rose by Rs 10,888, reaching a new record of Rs 434,123.
What’s Driving Gold to Record Levels?
The sharp rally mirrors a strong upswing in international bullion markets, where gold prices climbed to historic highs above $4,800 per ounce. Investors worldwide are shifting funds toward gold amid growing geopolitical and economic concerns, particularly tensions involving the United States and NATO.
Market analysts say uncertainty around global financial stability has weakened confidence in traditional assets, prompting both international and Pakistani investors to seek protection in precious metals.
A Karachi-based economic analyst noted that local buyers are increasingly turning to gold as a hedge against inflation, currency volatility, and broader global risks—factors that have intensified in recent weeks.
Silver Also Hits a New High
The bullish trend isn’t limited to gold. Silver prices in Pakistan also touched a fresh record, with the per tola rate increasing by Rs 64 to reach Rs 9,933. Strong industrial demand and spillover interest from gold have helped push silver higher alongside the yellow metal.
What to Expect Next?
With international markets remaining volatile and investor sentiment tilted toward safe assets, traders expect precious metal prices to stay elevated in the near term. However, short-term fluctuations are likely as global developments continue to unfold.
For now, Pakistan’s bullion market is witnessing a historic phase—one that reflects not just local demand, but powerful global forces reshaping investor behavior.
