KARACHI — Gold prices in Pakistan recorded a sharp increase on Wednesday, in line with rising trends in the international bullion market, according to the All Pakistan Sarafa Gems and Jewellers Association.
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The price of 24-karat gold per tola jumped by Rs15,200, reaching Rs479,262 compared to Rs464,062 a day earlier. Similarly, the price of 10 grams of 24-karat gold rose by Rs13,031 to Rs410,889, while 22-karat gold climbed by Rs11,945 to settle at Rs376,661 per 10 grams.
Silver prices also followed an upward trend. Per tola silver increased by Rs370 to Rs7,824, and 10 grams of silver rose by Rs317 to Rs6,707, reflecting broader gains in precious metals.
In the global market, gold surged by $152 to reach $4,565 per ounce, while silver prices increased by $3.70 to settle at $73.40 per ounce. Analysts linked the surge to growing geopolitical tensions and volatility in global financial markets.
Market experts pointed to the recent escalation in the Middle East, particularly following military actions involving the United States and Israel against Iran, as a key factor driving investors toward safe-haven assets like gold. Rising oil prices and economic uncertainty have further strengthened demand for bullion worldwide.
Analysts remain optimistic about gold’s long-term outlook, noting that it continues to serve as a hedge against inflation, currency depreciation, and market instability. Its intrinsic value, limited supply, and independence from government policies make it a preferred investment during uncertain times.
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As geopolitical risks persist and global markets remain volatile, gold is expected to retain its appeal among investors seeking financial security. The latest surge underscores the metal’s enduring role not only as an ornamental asset but also as a reliable store of value in times of crisis.