Gold and silver prices surge to record highs in Pakistan

KARACHI: Gold and silver prices in Pakistan hit record highs on Monday, reflecting both local market activity and surging global demand amid geopolitical tensions and economic uncertainty.

In domestic markets, the price of gold per tola rose sharply by Rs10,900 to reach Rs532,062, while 10 grams of gold climbed by Rs9,345 to Rs456,157.

Silver also posted gains, with the price per tola increasing by Rs537 to Rs11,428, and ten grams trading at Rs9,797.

Internationally, gold surged past the $5,000-per-ounce mark for the first time, spiking by $109 to $5,097 in the bullion market.

Spot gold traded near $5,072 an ounce in early Asian hours, after reaching an all-time high of $5,085.50. US gold futures for February delivery also rose by nearly 2 per cent.

Analysts attribute the rally to heightened geopolitical tensions, uncertainty over US trade and foreign policy, and expectations of continued central bank purchases. The US dollar’s recent weakness against the Japanese yen further supported bullion prices, making gold cheaper for holders of other currencies.

Silver, platinum, and palladium also recorded gains, with silver trading above $108 an ounce. Analysts expect the upward trend to continue, though intermittent corrections are likely as investors take profits.

The surge comes after gold has already risen more than 17 per cent in 2026 following strong gains last year, fueled by both investor interest and inflows into gold-backed exchange-traded funds.