Gold Silver Prices Pakistan Hit Record Highs
Introduction
Gold silver prices in Pakistan have surged to unprecedented levels, mirroring a powerful rally in global precious metals markets. The sharp rise has drawn attention from investors, jewellers, and the general public, as both metals continue to set new records amid international economic uncertainty.
The latest spike reflects a combination of domestic market dynamics and strong global cues, including expectations of prolonged United States interest rate cuts, speculative momentum, and heightened geopolitical risks. Together, these factors have created a bullish environment for precious metals, pushing prices to historic highs.
Latest Gold silver Prices in Pakistan
Silver prices in Pakistan surged sharply on Friday, rising by Rs. 240 to reach a new all time high of Rs. 7,945 per tola. This marks the highest level ever recorded for silver in the domestic market and highlights the metal’s strong momentum compared to gold.
Gold prices also continued their upward trend. According to the All Pakistan Gems and Jewellers Sarafa Association, the price of gold per tola increased by Rs. 500 to reach Rs. 473,362. Meanwhile, the price of 10 gram gold rose by Rs. 429 to settle at Rs. 405,831.
Earlier in the week, gold had already touched a fresh record. On Wednesday, prices jumped by Rs. 2,000 in a single session, taking gold to Rs. 472,862 per tola. The continued rise since then confirms strong bullish sentiment in the local bullion market.
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Comparison With Recent Trends
The latest surge builds on an already strong upward trajectory seen throughout recent weeks. Since early December, gold and silver prices have consistently moved higher, supported by limited supply, increased investment demand, and currency related pressures.
In Pakistan, bullion prices are particularly sensitive to movements in the international market as well as fluctuations in the rupee. With the local currency under pressure and global investors seeking safe haven assets, precious metals have benefited significantly.
Global Gold silver Market Update
Internationally, gold prices continued to strengthen, rising by five dollars to reach $4,510 per ounce, including a twenty dollar premium. Spot gold climbed 0.6 percent to $4,504.79 an ounce as of early morning GMT, after touching an intraday record of $4,530.60.
United States gold futures for February delivery also moved higher, advancing 0.7 percent to $4,535.20 an ounce. These gains underline strong investor confidence in gold as a hedge against economic and geopolitical uncertainty.
Silver outperformed gold in the global market. Prices surged 3.6 percent to $74.56 an ounce after briefly touching a record high of $75.14. The sharp rise in silver reflects growing speculative interest and its dual role as both an industrial metal and a store of value.
Why Precious Metals Are Rallying
Several factors are driving the current rally in gold and silver. One of the most significant is growing expectation of further interest rate cuts by the United States Federal Reserve. Lower interest rates reduce the opportunity cost of holding non yielding assets like gold, making them more attractive to investors.
A weaker US dollar has also supported higher metal prices, as gold and silver become cheaper for holders of other currencies. Additionally, thin year end liquidity has amplified price movements, allowing speculative momentum to play a larger role.
Geopolitical tensions across multiple regions have further boosted demand for safe haven assets. In times of global uncertainty, investors often turn to gold and silver to preserve value, contributing to sustained upward pressure on prices.
Gold silver : Expert View on the Rally
Kelvin Wong, senior market analyst at OANDA, noted that momentum driven and speculative players have been powering the rally in precious metals since early December. According to him, a combination of thin liquidity, expectations of prolonged US rate cuts, a weaker dollar, and rising geopolitical risks has pushed gold and silver to fresh record highs.
Looking ahead, Wong suggested that gold could move towards the five thousand dollar level in the first half of 2026, while silver has the potential to reach around ninety dollars an ounce if current conditions persist.
Impact on Pakistani Consumers and Investors
The sharp rise in gold and silver prices has mixed implications for consumers in Pakistan. For buyers planning weddings or jewellery purchases, higher prices increase costs significantly. However, for investors and those holding bullion, the rally represents substantial gains.
Jewellers are also experiencing changes in demand patterns, with some customers delaying purchases in anticipation of price corrections, while others rush to buy amid fears of further increases.
Historical Context of Gold and Silver Prices in Pakistan
Historically, gold and silver prices in Pakistan have shown a strong upward trend during periods of global economic instability. Over the past two decades, major price surges have often coincided with financial crises, currency depreciation, and geopolitical conflicts.
In recent years, precious metals have increasingly been viewed as long term investment assets rather than purely ornamental commodities. The current rally fits into this broader historical pattern, reflecting gold and silver’s enduring role as safe havens.
Gold silver : What to Expect Going Forward
Market analysts believe volatility will remain high in the coming months. While some short term corrections are possible, the broader outlook for precious metals remains bullish as long as interest rate expectations and geopolitical risks persist.
Investors are advised to closely monitor global economic indicators, central bank policies, and currency movements, as these factors will continue to influence gold and silver prices in Pakistan.
Official Reference
For official local bullion rates and market updates, visit the All Pakistan Gems and Jewellers Sarafa Association website: https://apgjsa.com.pk
FAQs
Why are gold and silver prices rising in Pakistan
They are increasing due to global market gains, interest rate cut expectations, a weaker dollar, and geopolitical tensions.
What is the current gold price per tola in Pakistan
Gold is trading around Rs. 473,362 per tola.
Has silver reached a record high
Yes, silver touched a new record of Rs. 7,945 per tola.
Will prices continue to rise
Analysts expect continued volatility with a generally bullish outlook.
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