Pakistan’s bullion market witnessed another powerful rally as both gold and silver climbed to unprecedented levels, extending their record-breaking run in local and international markets.
In domestic trading, gold advanced further, rising by Rs. 2,000 per tola to reach a new historic peak of Rs. 472,862. The price of 10-gram gold also moved higher, increasing by Rs. 1,714 to settle at Rs. 405,402.
Silver followed the same upward momentum, surging by Rs. 500 per tola to post an all-time high of Rs. 7,505, according to data shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The local surge reflected strong gains in the global market, where silver rose 1.2% to $72.27 per ounce, after briefly touching a session peak of $72.70.
A day earlier, gold had already recorded a sharp jump, reaching Rs. 470,862 per tola after gaining Rs. 8,500, underscoring the speed of the rally.
Internationally, gold crossed the $4,500-per-ounce threshold for the first time, climbing by $20 to $4,505 per ounce, including a premium. Spot gold edged up 0.1% to $4,492.51 per ounce by early GMT trading, after hitting a record $4,525.19 earlier in the session. Meanwhile, US gold futures for February delivery rose 0.3% to a fresh high of $4,520.60.
