Precious metal prices moved higher in Pakistan on Wednesday, tracking gains in the global market, with silver extending its rally to a new all-time high.
In the domestic bullion market, gold per tola gained Rs. 2,700, closing the session at Rs. 453,562. The price of 10 grams of gold also increased, rising by Rs. 2,315 to reach Rs. 388,856, according to data released by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA).
The rebound came after a weak session a day earlier, when gold prices had slipped by Rs. 4,000, settling at Rs. 450,862 per tola on Tuesday.
Internationally, gold prices also moved higher, gaining $27 to trade at $4,312 per ounce, including a $20 premium, as global demand for safe-haven assets remained firm.
Meanwhile, silver continued its strong upward momentum. In the local market, silver per tola jumped by Rs. 290, climbing to Rs. 6,822 — marking a fresh record high and reinforcing growing investor interest in the metal.
Market observers say volatility in global markets and currency movements continue to influence precious metal prices, keeping both gold and silver firmly in focus for investors.
