Karachi: Gold prices in Pakistan climbed for a sixth straight session on Saturday, mirroring sharp gains in international markets where bullion touched new highs. Firm investor appetite and global economic uncertainty continued to push demand for precious metals.
According to data released by the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold rose by Rs2,300 per tola to Rs475,662. At the same time, the price of 10 grams increased by Rs1,972 to Rs407,803.
In addition, 10 grams of 22-karat gold advanced by Rs1,808 to settle at Rs373,833, reflecting broad-based strength across purity categories.
Global factors drive momentum
Meanwhile, international gold prices gained $23 per ounce, closing at $4,533. Analysts attributed the rise to sustained demand for safe-haven assets, driven by currency fluctuations and lingering concerns about global economic stability.
As a result, local bullion prices continued to follow the upward trend seen in global markets.
Silver joins the rally
Alongside gold, silver prices also moved higher in Pakistan. The price of 24-karat silver increased by Rs462 per tola to Rs8,407, while the rate for 10 grams rose by Rs396 to Rs7,207.
Separately, market observers noted that silver has broken multiple records globally, with prices crossing the $75-per-ounce mark for the first time. In Pakistan, silver prices climbed to historic levels, gaining sharply during the year.
Demand from industry and investors
Experts said silver’s strong performance reflects growing demand from emerging technologies, including artificial intelligence data centres and electric vehicle manufacturing. In addition, investors have increasingly turned to silver as a hedge against inflation.
So far this year, silver prices have posted triple-digit growth, with analysts noting that values have nearly doubled since the end of June. As long as industrial demand and economic uncertainty persist, market participants expect volatility and elevated prices to continue in the precious metals sector.
