Gold Extends Record Run, Silver Steady at Local Counters

Pakistan’s gold market witnessed another record on Friday as prices surged once again, tracking gains in the international market.

The All Pakistan Sarafa Gems and Jewellers Association reported that 24-karat gold rose by Rs1,200 per tola, settling at Rs377,900. Similarly, 10 grams increased by Rs1,029, reaching Rs323,988.

The rally echoed global trends, where gold prices rose by $12 per ounce to $3,552. Analysts attribute the steady climb to a combination of economic uncertainty, safe-haven demand, and pressure on global currencies.

Read More: PSX Records Historic Rally, Gains Over 900 Points at Open

Silver prices, however, showed stability. For the second day, a tola of 24-karat silver remained at Rs4,315, while 10 grams stood at Rs3,699.

Market watchers said the widening gap between gold and silver could encourage budget-conscious buyers to turn to silver, which has so far resisted volatility.

Jewellers observed that footfall in gold markets has declined, with high prices discouraging wedding-related purchases and investments.