KARACHI (Dunya News) - Gold prices recorded a sharp increase in both international and local markets on Wednesday, while silver climbed to an all-time high, reflecting strong global demand and market volatility.
In the international market, the price of gold rose by $27 per ounce, reaching $4,312.
According to the All Pakistan Sarafa Association, the upward trend in global prices significantly impacted the domestic market. The price of 24-karat gold per tola increased by Rs2,700, reaching Rs453,562. Similarly, the price of 10 grams of gold rose by Rs2,315 to Rs388,856.
Silver prices also witnessed a historic surge. In Pakistan, the price of 24-karat silver per tola jumped by Rs290, hitting a record high of Rs6,822 for the first time.
In the international market, silver prices rose by $2.9 per ounce, reaching a new record level of $65.50 per ounce.
Market analysts attribute the surge in precious metal prices to global economic uncertainty, currency fluctuations, and increased investor interest in safe-haven assets. The continued rise has raised concerns among buyers, while investors view the trend as an opportunity amid ongoing market instability.