Gold prices remained stable today in both international and local markets, while silver prices witnessed a significant increase, reaching record levels in the domestic market.

In the international bullion market, the price of gold per ounce remained unchanged at $5,058, showing no fluctuation from previous trading levels. Similarly, in the local market, gold prices stayed steady. The price per tola of gold is fixed at PKR 528,562, while per 10 grams, it remains at PKR 453,156, reflecting no change from yesterday.

In contrast, silver prices recorded a notable surge in the domestic market. The price per tola of silver increased by PKR 90, reaching PKR 8,825, while the price per 10 grams rose by PKR 78, now standing at PKR 7,566. Market analysts attributed the rise in silver prices to increased demand and limited supply, both locally and internationally.

Investors are keeping a close watch on precious metals, considering the ongoing economic uncertainty and fluctuations in currency values. Gold continues to be a preferred safe-haven asset, maintaining stability despite market volatility.

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Local jewelers report steady demand for gold, particularly for weddings and festive occasions, while silver is seeing rising interest from both retail buyers and investors seeking short-term gains.

Experts suggest that gold prices are likely to remain stable in the short term, but silver may continue to experience upward pressure due to high demand and global market dynamics.