Gold and silver prices surged once again, driven by global market trends and increased investor activity.

In the international market, gold rose by $117 to reach $4,967 per ounce. The upward trend prompted investors worldwide to start buying gold and silver, seeking safe-haven assets amid market uncertainties.

Local markets reflected the global surge, with gold prices rising sharply. In Pakistan’s currency market, the price of one tola of gold increased by Rs 11,700, reaching Rs 519,462. Similarly, 10 grams of gold went up by Rs 10,030 to close at Rs 445,354.

Silver prices also experienced significant growth. One tola of silver rose by Rs 444, pushing its price to Rs 8,269. Traders said the rise in both metals is attracting renewed interest from investors looking to hedge against inflation and currency fluctuations.

Analysts attribute the surge to strong global demand and ongoing economic uncertainties that are driving people toward precious metals. They also noted that local demand, particularly in urban centers, continues to support higher prices.

Also Read: Defense minister confirms Islamabad suicide bomber was Pakistani

Market experts advise investors to monitor prices closely, as fluctuations are expected to continue in the coming weeks. The current spike has also revived activity among small and large-scale buyers, highlighting the enduring appeal of gold and silver as reliable investment options.

Despite rising prices, demand remains strong as people view precious metals as a safe and stable asset.