Gold and silver prices in both global and Pakistani markets climbed again on today after volatility in recent sessions. Following a slight pause and mixed trends earlier this week, precious metals are once more on the rise as investors shift focus back to safe-haven assets amid ongoing economic uncertainties.

In Pakistan, the 24-karat gold rate per tola jumped significantly, increasing by Rs 7,900 to reach Rs 523,962, compared to the previous session’s Rs 516,062. The price per 10 grams of 24K gold also placed higher at Rs 449,212 after a rise of Rs 6,773. These gains reflect strong upward momentum in the domestic market.

Silver prices in local markets also strengthened today. A tola of silver was quoted at approximately Rs 8,404, up by Rs 358, while the 10-gram silver rate increased by Rs 307 to around Rs 7,205. These increases show renewed interest in the bullion market and a response to fluctuations in international demand.

 Global Market Trends

Internationally, the price of gold also moved higher, trading near $5,018 per ounce, up roughly 0.8% from the previous session. This global rise is contributing to higher local prices, as Pakistan’s bullion markets closely reflect international trends.

Many analysts expect gold prices to continue rising through 2026, with strong demand from central banks, geopolitical uncertainty, and continued safe-haven buying supporting the trend. A recent Reuters poll shows analysts raising forecasts for gold’s record performance in 2026. Some institutional forecasts are even more ambitious. For instance, Bank of America sees scenarios where gold could exceed $6,000 per ounce if central banks continue heavy buying and markets remain volatile.

Earlier this week, gold and silver had seen mixed performance with moderate international declines and local price adjustments. However, the current upward swing indicates renewed investor confidence in precious metals amid economic volatility and inflation concerns.

 
Credit: Independent News Pakistan (INP)