The All Pakistan Sarafa Gems and Jewelers Association reported that gold buyers felt the heat across the board, as the price for 10 grams of 24 karat gold climbed by Rs1,371, now standing at Rs308,384. Even the 22 karat variant wasn’t spared — increasing by Rs1,257 to reach Rs282,695.
Silver wasn’t left behind either. Its price per tola rose by Rs65, now at Rs4,087, while the 10 gram rate jumped by Rs55 to hit Rs3,503.
The international market echoed this upward trend, with gold prices increasing by $16 to reach $3,372 per ounce. Silver prices also inched up by $0.65, now valued at $39.03.
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What’s driving this surge? Experts say global inflation fears, weakening currency trends, and rising geopolitical uncertainty are pushing investors towards safe-haven assets like gold and silver. Pakistan’s local currency fluctuations are further amplifying these effects domestically. As prices continue to rise, both jewelers and buyers are keeping a close watch for what’s coming next.
