Gold and Silver Prices Surge Again as Per Tola Rate Jumps Sharply in Pakistan

Karachi: Gold prices continued their upward trend across Pakistan, recording another significant increase, with the per tola rate rising by thousands of rupees in a single day.

According to market reports, the surge in international markets has directly impacted local bullion rates, leading to a notable spike in both gold and silver prices.

In Pakistan, the price of gold per tola increased by Rs7,100, reaching Rs533,562. Similarly, the price of 10 grams of gold rose by Rs6,087 to settle at Rs457,443.

In the global market, gold prices climbed by $71 per ounce, pushing the rate to $5,108 per ounce. Meanwhile, silver prices in Pakistan also witnessed an increase, with the per tola rate rising by Rs374 to reach Rs8,948.

Experts attribute the volatility in precious metal prices to ongoing global economic uncertainty and growing investor interest in gold as a safe-haven asset. Traditionally, gold is considered a secure investment, especially during periods of inflation, political instability, and economic turmoil. For centuries, it has been used as a store of value and a form of currency. When investors feel uncertain about other assets, they often turn to gold.

It is noteworthy that last year, Pakistan revised its mechanism for determining gold prices, setting the local rate at $20 per ounce above the international market price. Analysts believe that fluctuations in global markets may continue to influence domestic prices in the coming days.