Gold and silver prices in Pakistan experienced significant gains on Thursday, with silver reaching a historic high in the local market. According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola rose to Rs. 443,562, reflecting an intraday gain of Rs. 500, while the 10-gram gold rate increased by Rs. 428 to reach Rs. 380,282. Earlier in the day, gold per tola had briefly touched Rs. 443,062 after a jump of Rs. 1,200, tracking upward momentum from international markets.
The global gold price also showed a modest rise, climbing by $5 to reach $4,212 per ounce, including a $20 premium. This international trend contributed to the upward movement in local gold rates.
Silver, meanwhile, recorded an unprecedented surge, setting a new all-time high in Pakistan. The price per tola increased by Rs. 85, reaching Rs. 6,452, marking the highest level ever recorded in the local market. Analysts attribute the rise in precious metal prices to a combination of global market trends, inflationary pressures, and growing investor demand for safe-haven assets. The surge reflects continued strong interest in gold and silver as investment instruments amid economic uncertainties.
