According to the All Pakistan Sarafa Gems and Jewelers Association, the price of 10 grams of 24 karat gold rose by Rs772 to Rs309,242 from Rs308,470. Similarly, 10 grams of 22 karat gold jumped by Rs708 to Rs283,482 from Rs282,774.
On the other hand, silver prices remained unchanged. Per tola silver was stable at Rs4,121, while 10 grams of silver also stood firm at Rs3,533.
In the international market, the gold rate increased by $9, climbing to $3,380 from $3,371. However, silver rates stayed flat at $38.88, showing no change despite gold’s upward trend.
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Gold’s upward movement signals increasing pressure on local buyers, especially as international markets also show strength with a $9 surge. The rise to Rs360,700 per tola in Pakistan raises fears that the trend may continue if global demand and economic uncertainty persist.
Meanwhile, silver’s stagnant price is surprising, showing that its demand dynamics remain weaker compared to gold. For investors, gold continues to appear as the safer hedge against inflation and currency instability, while silver stays overshadowed. If the trend sustains, the widening gap between gold and silver may shape investor choices in the coming months.
