Gold prices have once again increased in both international and domestic markets, while silver has surged to a new all-time high, sparking concern among buyers and traders.
In the international bullion market, the price of gold rose by 5 dollars per ounce, reaching 4,212 dollars. This global uptick directly influenced local markets in Pakistan, where the price of one tola of gold increased by 500 rupees, pushing the new rate to 443,562 rupees.
Similarly, the price of 10 grams of gold climbed by 428 rupees, setting the new price at 380,282 rupees. According to market analysts, fluctuations in global demand, currency exchange movements, and economic uncertainty are driving this steady rise.
On the other hand, silver prices witnessed a significant jump. The price of one tola of silver increased by 85 rupees, reaching a historic peak of 6,452 rupees, while 10 grams of silver rose by 73 rupees, climbing to 5,531 rupees.
Experts note that investors are increasingly shifting toward precious metals as a safe haven due to global financial instability, a trend that has caused sharp upward movement in gold and silver prices both globally and locally.
