Gold prices in Pakistan surged to a new all-time high on Monday, continuing their strong upward momentum, while silver also climbed to a fresh historic peak in the local market.
According to market data, the price of gold per tola jumped by Rs. 6,200 during the day, reaching a record Rs. 462,362. Similarly, the price of 10 grams of gold increased by Rs. 5,315, settling at Rs. 396,400.
The rally extended gains from the previous session, when gold had already crossed earlier records and closed at Rs. 456,162 per tola.
🌍 Global Gold Rally Lifts Local Market
International gold prices also witnessed a sharp surge, crossing the $4,400 per ounce mark for the first time. Strong safe-haven demand and growing expectations of interest rate cuts in the United States continued to fuel investor appetite for precious metals.
Analysts say the ongoing rally reflects a combination of central bank buying, global economic uncertainty, and a softer interest rate outlook, all of which traditionally support higher gold prices.
🪙 Silver Touches New All-Time High
Silver mirrored gold’s momentum, with prices in Pakistan rising by Rs. 218 per tola to hit a new all-time high of Rs. 7,205.
Globally, silver prices also surged, supported by strong industrial demand, supply constraints, and rising investment interest. The metal has significantly outperformed gold this year, attracting investors looking for alternatives within the precious metals space.
📈 Why Prices Are Rising
Market experts believe the sustained rally in gold and silver is being driven by:
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Expectations of lower global interest rates
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Continued safe-haven demand
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Strong central bank purchases
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Tight supply conditions, especially for silver
With prices already at historic levels, investors are closely watching global economic signals to gauge whether the rally still has room to run.
