Karachi (Commerce Desk) Gold and silver prices have reached record highs in both global and local markets, driven by rising geopolitical tensions and investment trends. Increased strain between the European Union and the United States over Greenland following Iran, former President Trump’s tariff threats, and efforts by central banks in BRICS countries to safeguard their assets by increasing gold reserves have all contributed to the surge.
In the international market, the price of gold rose by $127 per ounce, reaching a high of $4,840. In Pakistan, the price of gold per tola increased by PKR 12,700 to PKR 506,362, while per 10 grams, it rose by PKR 10,888 to PKR 434,123.
Silver prices also continued to climb, with per tola silver rising by PKR 64 to PKR 9,933, and per 10 grams increasing by PKR 54 to PKR 8,515.
Experts say that global political and economic uncertainties are driving investors toward gold and silver as safe-haven assets, suggesting that the upward trend in prices for both metals is likely to continue.
