Gold And Silver Prices Reached Historic Highs
Gold And Silver Prices Reached Historic Highs: Gold and silver prices in Pakistan have reached unprecedented levels, marking a historic surge that has caught the attention of investors and traders nationwide. On Friday, silver prices jumped by Rs. 240, reaching Rs. 7,945 per tola, while gold also climbed in tandem with international trends. This sharp rise reflects a combination of domestic and global factors influencing the precious metals market.
The All-Pakistan Gems and Jewellers Sarafa Association (APGJSA) reported that gold prices per tola increased by Rs. 500, reaching Rs. 473,362. Meanwhile, 10-gram gold settled at Rs. 405,831 after rising by Rs. 429. Earlier in the week, gold had already hit a new record of Rs. 472,862 per tola, following a significant gain of Rs. 2,000. These consistent increases indicate a strong upward momentum in Pakistan’s gold and silver markets.
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| Metal | Previous Price | Current Price | Change |
|---|---|---|---|
| Gold (per tola) | Rs. 472,862 | Rs. 473,362 | +Rs. 500 |
| Gold (10 grams) | Rs. 405,402 | Rs. 405,831 | +Rs. 429 |
| Silver (per tola) | Rs. 7,705 | Rs. 7,945 | +Rs. 240 |
International Trends Driving Local Prices
The surge in Pakistan’s gold and silver prices aligns closely with international market movements. Globally, gold prices rose by $5 to $4,510 per ounce, including a $20 premium, with spot gold reaching $4,504.79 per ounce. U.S. gold futures for February delivery advanced 0.7% to $4,535.20 per ounce. Silver, in particular, has outpaced gold in this rally, climbing 3.6% to $74.56 per ounce and touching a record high of $75.14.
Market analysts suggest that the rally is fueled by a mix of speculative trading, thin year-end liquidity, and expectations of further U.S. interest rate cuts. Geopolitical tensions and a weaker U.S. dollar have also contributed to increased investor interest in precious metals as a safe-haven asset. These international developments directly impact domestic prices, pushing them to record levels.
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Key Factors Behind the Precious Metals Rally
- Speculative trading and momentum-driven investments since early December
- Thin liquidity in the market due to year-end financial flows
- Expectations of prolonged U.S. interest rate cuts
- Geopolitical risks increasing global uncertainty
- Weaker U.S. dollar boosting gold and silver demand
Expert Insights and Future Predictions
According to Kelvin Wong, senior market analyst at OANDA, the current rally is being driven by speculative investors and market momentum. He predicts that gold could approach the $5,000 per ounce mark in the first half of 2026, while silver may reach around $90 per ounce. These projections indicate that both gold and silver have the potential to continue their upward trend, making them attractive options for investors looking to hedge against economic uncertainties.
Investors in Pakistan are closely monitoring these trends, as the rise in domestic prices provides opportunities for both short-term gains and long-term investment. With gold and silver maintaining strong upward momentum, market participants are encouraged to make informed decisions based on both international and local market conditions.
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