Gold and silver prices recorded notable gains across Pakistan on Saturday, reflecting a bullish trend in the local precious metals market as global cues and steady domestic demand supported investor confidence.
The All Pakistan Sarafa, Gems and Jewellers Associations reported that 24-karat gold increased by Rs3,700 per tola, reaching Rs473,262, while 10 grams of 24-karat gold climbed Rs3,172 to settle at Rs405,745.
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Similarly, 10 grams of 22-karat gold rose by Rs2,908 to Rs371,946, indicating renewed strength in the domestic gold market as investors continue seeking safe-haven assets amid economic uncertainties.
Silver prices also followed the upward trend, with 24-karat silver rising by Rs270 per tola to Rs8,465 and 10 grams increasing by Rs232 to reach Rs7,257, reflecting strong demand in both local and international markets.
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Internationally, gold traded at $4,509 per ounce, up $37, while silver reached $79.90 per ounce, gaining $2.7, showing that fluctuations in global prices continue to influence local interbank rates and market behavior.
Experts note that the rising precious metals prices highlight growing investor interest, as gold and silver remain preferred options for portfolio diversification and protection against inflation and market volatility in Pakistan.