KARACHI — Gold and silver prices in Pakistan rose sharply on Saturday, February 7, 2026, following a strong upward trend in the international bullion market, the All Pakistan Sarafa Gems and Jewellers Association (APSGJA) reported.
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The price of 24-karat gold per tola jumped by Rs11,700 to Rs519,462, while the rate for 10 grams of 24-karat gold surged by Rs10,030 to reach Rs445,354. Silver also saw gains, with the per tola price increasing by Rs444 to Rs8,269.
On the international front, gold prices climbed by $117, trading at $4,967 per ounce. Analysts attribute the bullish trend to ongoing global economic uncertainty, rising geopolitical tensions, and sustained demand for safe-haven assets.
“Gold has climbed back toward the key $5,000 level as geopolitical tensions have lifted the metal’s safe-haven appeal,” said Jigar Trivedi, senior research analyst at IndusInd Securities. He cited the recent US-Iran incident, in which US forces shot down an Iranian drone near the Abraham Lincoln aircraft carrier in the Arabian Sea, as a factor increasing investor appetite for gold.
Market experts noted that gold continues to offer protection against inflation, currency depreciation, and economic instability, making it a preferred investment for both institutional and retail investors. Its intrinsic value, limited supply, and independence from government and central bank policies reinforce its role as a secure asset.
In addition to short-term price movements, the long-term outlook for gold remains positive, with analysts forecasting further gains if global uncertainties persist. Silver, often considered a complementary hedge alongside gold, is also benefiting from these market dynamics, reflecting investor interest in diversifying portfolios amid heightened volatility.
Read More: Gold rises, silver volatile as global markets tumble
The developments come amid ongoing US-Iran nuclear talks in Oman, which continue to influence global market sentiment and the safe-haven appeal of precious metals.