Gold prices surged both globally and domestically on Saturday, continuing a strong upward momentum fueled by market demand and investor interest.
In the international bullion market, gold rose by $11 per ounce, reaching $3,356. This rally reflected positively in Pakistan’s local gold markets, where rates also saw a notable spike.
The price of 24-karat gold per tola in Pakistan increased by Rs1,100, bringing it to Rs358,100. Likewise, the rate for 10 grams of gold went up by Rs944, reaching Rs307,013.
Silver followed suit, posting significant gains. The price of silver per tola rose by Rs85 to Rs4,022, while 10 grams of silver increased by Rs73 to Rs3,448.
On the international front, spot silver jumped 3.9% to $38.46 per ounce, marking its highest level since September 2011.
Analysts say the surge in precious metals reflects investor moves toward safe-haven assets amid global economic uncertainty and shifting interest rate expectations.
