KARACHI (Dunya News) – Trading in silver was suspended at the Pakistan Mercantile Exchange (PMEX) on Tuesday after an unusual surge in prices, the exchange said in an official notification to traders.
According to PMEX, the decision was taken due to unexpected market volatility. In the global market, silver futures climbed from $100 to $113 per ounce, while in Pakistan the price of silver crossed Rs11,000 per tola.
The exchange said that all silver deals would be settled at the prevailing rates until 10:30 p.m. last night, while remaining buy orders would be treated as cancelled. Trading in silver will remain suspended until market conditions return to normal.
PMEX also noted that silver trading has been halted in several international commodity exchanges, including those in India, Turkey, and Baku, reflecting wider global market turbulence.