KARACHI: The gold and silver prices soared to historic highs in both international and domestic markets on Friday, driven by strong global demand and market uncertainty.
In the international bullion market, the price of gold jumped by $91 per ounce, reaching a new all-time high of $4,923 per ounce. Following the global trend, gold prices in Pakistan also witnessed a sharp increase.
In the local bullion markets, the price of per tola gold rose by Rs9,100, while the price of 10 grams of gold increased by Rs7,802.
As a result, the price of per tola gold reached a record Rs514,662, whereas 10 grams of gold climbed to Rs441,239, marking the highest levels in the country’s history.
Meanwhile, silver prices also registered a significant rise. The price of per tola silver increased by Rs372 to reach a new peak of Rs10,275, while the price of 10 grams of silver went up by Rs319, settling at Rs8,809.
Market analysts attribute the surge to global economic uncertainty and increased investor interest in safe-haven assets, with precious metals continuing their upward momentum.
Earlier, gold prices once again surged to historic highs in both international and domestic markets.
In the global bullion market, the price of gold jumped by a massive $127 per ounce, pushing the new all-time high to $4,840 per ounce.
Similarly, in local bullion markets, the price of 24-karat gold per tola rose sharply by Rs12, 700, reaching a record level of Rs506, 362 for the first time.
Meanwhile, the price of 10 grams of gold increased by Rs10, 888 to Rs434,123.
