Silver Hits Record High in Pakistan as Gold Continues
Pakistan’s precious metals market has entered an extraordinary phase as silver prices hit record levels and gold continues to climb steadily. On Friday, silver surged by Rs. 240, reaching Rs. 7,945 per tola, while gold also moved upward in line with global trends. This rally reflects not only strong local demand but also the influence of international markets, where metals are gaining momentum due to economic factors, investor sentiment, and geopolitical concerns.
Investors, jewelers, and everyday buyers in Pakistan are witnessing a historic moment. Gold and silver, traditionally considered safe-haven assets, are drawing attention from a wide range of market participants. With year-end liquidity thin and expectations of further U.S. interest rate cuts, both metals have been propelled to new heights, creating opportunities and challenges for those involved in trading or investing in these commodities.
- Silver sets a new local record of Rs. 7,945 per tola
- Gold continues upward momentum with fresh all-time highs
- Global economic trends significantly impact local prices
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Silver Prices Reach Unprecedented Levels
Silver in Pakistan has outperformed expectations, registering a daily increase of Rs. 240 to reach Rs. 7,945 per tola. This surge is part of a broader global rally, where silver has outpaced gold in recent trading sessions, rising over 3.6% in international markets. Traders in Pakistan attribute this record-setting movement to speculative momentum and limited market liquidity, which often leads to sharp short-term gains.
For many local investors, silver is now seen as a practical investment option due to its affordability compared to gold. Jewelers and traders are also observing increased buying activity as the metal attracts attention both for investment purposes and for traditional gifting during festivals and weddings.
Key Points About Silver Prices:
- Reached Rs. 7,945 per tola on Friday
- Driven by local demand, speculation, and international trends
- Seen as a safe-haven asset and investment option for ordinary investors
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Gold Prices Maintain Strong Upward Momentum
Gold, Pakistan’s historically preferred investment metal, continues to show strong performance. The price per tola rose by Rs. 500, reaching Rs. 473,362, while 10 grams of gold increased by Rs. 429 to settle at Rs. 405,831. Earlier in the week, gold had already set a fresh record of Rs. 472,862 per tola, signaling consistent upward pressure.
This upward movement is influenced by both local and international factors. Domestic investors view gold as a hedge against inflation and currency fluctuations, while international demand, particularly from the U.S., China, and Europe, pushes prices higher globally. The local market is also sensitive to geopolitical tensions, which often increase the perceived value of gold as a secure asset.
- Gold per tola: Rs. 473,362
- 10-gram gold: Rs. 405,831
- Consistent growth driven by local and global factors
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Global Market Influence on Local Prices
The rise in Pakistan’s precious metals prices is strongly connected to international trends. Globally, gold prices increased by $5 to $4,510 per ounce, while silver outpaced gold with a 3.6% gain, reaching $74.56 per ounce. U.S. gold futures for February delivery also advanced by 0.7%, reflecting strong international demand and continued investor interest in safe-haven assets.
Analysts highlight several factors contributing to this global rally. Thin year-end liquidity often amplifies price movements, while expectations of U.S. interest rate cuts weaken the dollar, making gold and silver more attractive. Geopolitical uncertainties, including tensions in key regions, further reinforce investor preference for precious metals, driving both domestic and international prices higher.
Current Gold and Silver Prices in Pakistan
| Metal | Price per Tola (PKR) | Price per 10g (PKR) | Daily Change |
|---|---|---|---|
| Gold | 473,362 | 405,831 | +500 / +429 |
| Silver | 7,945 | N/A | +240 |
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Key Factors Driving the Rally
Several factors are fueling the historic rally in gold and silver prices:
- Speculative Momentum: Traders are actively buying metals anticipating further price increases.
- Year-End Liquidity: Limited liquidity in financial markets amplifies volatility and creates sharp price movements.
- U.S. Interest Rate Expectations: Investors expect prolonged rate cuts, weakening the dollar and boosting metals.
- Geopolitical Uncertainty: Rising tensions across the globe increase demand for secure assets like gold and silver.
Kelvin Wong, a senior analyst at OANDA, predicts that gold could move towards $5,000 per ounce, while silver has the potential to reach around $90 per ounce in the first half of 2026.
Investor and Market Implications
The rally presents a mix of opportunities and cautions for Pakistani investors. While rising prices provide potential for short-term profits and long-term wealth protection, the market remains volatile, and sudden corrections can occur.
- Opportunities:
- Short-term gains from active trading
- Long-term protection against inflation
- Diversification for investment portfolios
- Cautions:
- Price corrections can happen due to speculative trading
- International factors can suddenly impact local prices
- Investors must monitor both local and global developments
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Conclusion
Pakistan’s gold and silver markets are experiencing a historic phase, with silver reaching unprecedented highs and gold maintaining consistent upward momentum. The coming months are expected to be shaped by global market trends, U.S. monetary policy, and geopolitical events.
For investors, jewelers, and ordinary citizens, understanding these factors is key to making informed decisions. Precious metals continue to provide a safe-haven option and a hedge against economic uncertainty, making this period one of significant opportunity in Pakistan’s investment landscape.